Chart Industries, Inc. (NASDAQ:GTLS) – Equities research analysts at Seaport Global Securities raised their Q3 2018 earnings per share estimates for Chart Industries in a report issued on Thursday. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.51. Seaport Global Securities currently has a “Buy” rating and a $58.00 target price on the stock. Seaport Global Securities also issued estimates for Chart Industries’ Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $1.77 EPS.
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Lake Street Capital set a $59.00 price objective on shares of Chart Industries and gave the stock a “buy” rating in a report on Wednesday. Northcoast Research raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday, October 9th. Johnson Rice reissued a “buy” rating and issued a $48.00 price objective (up previously from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Finally, Cowen set a $50.00 price objective on shares of Chart Industries and gave the stock a “hold” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.67.
Chart Industries (GTLS) opened at $51.79 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1,622.56, a P/E ratio of 101.40, a P/E/G ratio of 1.56 and a beta of 1.33. Chart Industries has a 1-year low of $32.04 and a 1-year high of $53.10.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. Schwab Charles Investment Management Inc. raised its stake in Chart Industries by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 223,179 shares of the industrial products company’s stock worth $7,752,000 after acquiring an additional 6,892 shares during the period. First Trust Advisors LP bought a new stake in Chart Industries during the 2nd quarter worth approximately $1,128,000. SG Americas Securities LLC raised its stake in Chart Industries by 42.7% during the 2nd quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 1,992 shares during the period. Legal & General Group Plc raised its stake in Chart Industries by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 57,786 shares of the industrial products company’s stock worth $2,007,000 after acquiring an additional 4,778 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Chart Industries by 48.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,644 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 4,463 shares during the period. Institutional investors own 86.65% of the company’s stock.
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About Chart Industries
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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