Chart Industries, Inc. (NYSE:GTLS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLSGet Rating) have received an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $218.29.

Several analysts have issued reports on the company. Cowen boosted their price objective on Chart Industries to $225.00 in a report on Tuesday, August 9th. Lake Street Capital boosted their price objective on Chart Industries from $195.00 to $225.00 in a report on Monday, August 1st. Cowen boosted their price objective on Chart Industries from $195.00 to $225.00 in a report on Monday, August 1st. Craig Hallum upped their target price on Chart Industries from $225.00 to $243.00 in a report on Monday, August 1st. Finally, Credit Suisse Group upped their target price on Chart Industries from $203.00 to $224.00 and gave the company an “outperform” rating in a report on Monday, August 1st.

Institutional Investors Weigh In On Chart Industries

A number of large investors have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC boosted its position in Chart Industries by 4.4% during the first quarter. Archford Capital Strategies LLC now owns 1,509 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 63 shares during the period. Mackenzie Financial Corp boosted its position in Chart Industries by 3.5% during the first quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 70 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Chart Industries by 1.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,001 shares of the industrial products company’s stock worth $1,004,000 after purchasing an additional 71 shares during the period. First Republic Investment Management Inc. boosted its position in Chart Industries by 4.5% during the first quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 75 shares during the period. Finally, Natixis Advisors L.P. boosted its position in shares of Chart Industries by 0.4% in the first quarter. Natixis Advisors L.P. now owns 17,920 shares of the industrial products company’s stock valued at $3,078,000 after acquiring an additional 77 shares during the period.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $201.34 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $196.43 and its two-hundred day moving average price is $177.24. Chart Industries has a 52 week low of $108.29 and a 52 week high of $218.95. The stock has a market cap of $7.37 billion, a PE ratio of 166.40 and a beta of 1.50.

Chart Industries (NYSE:GTLSGet Rating) last issued its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The firm had revenue of $404.80 million for the quarter, compared to analysts’ expectations of $391.17 million. Chart Industries had a net margin of 3.42% and a return on equity of 6.28%. As a group, sell-side analysts anticipate that Chart Industries will post 4.51 EPS for the current fiscal year.

Chart Industries Company Profile

(Get Rating)

Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

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Analyst Recommendations for Chart Industries (NYSE:GTLS)

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