Chart Industries, Inc. (NASDAQ:GTLS) has earned a consensus recommendation of “Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $53.20.
Several equities research analysts recently issued reports on GTLS shares. Zacks Investment Research cut Chart Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. TheStreet upgraded Chart Industries from a “c” rating to a “b-” rating in a research note on Friday, March 2nd. Alembic Global Advisors reiterated a “hold” rating on shares of Chart Industries in a research note on Thursday, March 8th. Lake Street Capital set a $59.00 price objective on shares of Chart Industries and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Elkfork Partners LLC acquired a new position in Chart Industries during the fourth quarter valued at approximately $148,000. Amalgamated Bank acquired a new position in Chart Industries during the fourth quarter valued at approximately $207,000. Moody National Bank Trust Division acquired a new position in Chart Industries during the fourth quarter valued at approximately $228,000. Sheets Smith Wealth Management acquired a new position in Chart Industries during the fourth quarter valued at approximately $239,000. Finally, Millennium Management LLC acquired a new position in Chart Industries during the fourth quarter valued at approximately $245,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
Shares of GTLS stock opened at $59.55 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.64 and a quick ratio of 1.10. The company has a market capitalization of $1,912.20, a P/E ratio of 62.03, a P/E/G ratio of 1.34 and a beta of 1.07. Chart Industries has a 1 year low of $32.04 and a 1 year high of $61.97.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.15. The business had revenue of $306.00 million during the quarter, compared to analysts’ expectations of $282.19 million. Chart Industries had a return on equity of 4.44% and a net margin of 2.84%. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. analysts predict that Chart Industries will post 1.85 earnings per share for the current year.
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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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