Chart Industries (NYSE:GTLS) Lifted to Strong-Buy at Evercore ISI

Evercore ISI upgraded shares of Chart Industries (NYSE:GTLS) to a strong-buy rating in a research report released on Monday morning, Zacks.com reports.

GTLS has been the topic of several other reports. Bank of America upped their price objective on shares of Chart Industries from $180.00 to $185.00 and gave the company a buy rating in a report on Monday, July 15th. Morgan Stanley initiated coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an equal weight rating and a $200.00 price objective for the company. TD Cowen upped their price objective on shares of Chart Industries from $260.00 to $265.00 and gave the stock a buy rating in a research report on Monday, May 6th. Stifel Nicolaus dropped their target price on Chart Industries from $220.00 to $199.00 and set a buy rating for the company in a research report on Monday. Finally, Barclays cut their target price on Chart Industries from $193.00 to $147.00 and set an equal weight rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of Moderate Buy and an average target price of $189.31.

Chart Industries Stock Up 5.5 %

Shares of NYSE:GTLS opened at $119.27 on Monday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 119.27, a P/E/G ratio of 0.44 and a beta of 1.74. The company has a 50 day moving average of $147.00 and a 200-day moving average of $145.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. Chart Industries has a one year low of $109.48 and a one year high of $184.65.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. On average, sell-side analysts forecast that Chart Industries will post 11.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GTLS. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries during the 1st quarter valued at $30,000. Spire Wealth Management increased its stake in Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Rise Advisors LLC increased its holdings in shares of Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Chart Industries in the fourth quarter worth about $33,000. Finally, Byrne Asset Management LLC bought a new position in Chart Industries during the second quarter valued at approximately $40,000.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.