Bank of America started coverage on shares of Chart Industries (NASDAQ:GTLS) in a report released on Monday morning, The Fly reports. The brokerage issued a buy rating and a $86.00 price target on the industrial products company’s stock.
Several other research firms also recently weighed in on GTLS. Lake Street Capital boosted their price target on shares of Chart Industries from $59.00 to $81.00 and gave the stock a buy rating in a research note on Friday, July 24th. TheStreet raised Chart Industries from a c+ rating to a b- rating in a research note on Wednesday, August 19th. Zacks Investment Research lowered shares of Chart Industries from a buy rating to a hold rating in a report on Friday, August 28th. BidaskClub downgraded Chart Industries from a buy rating to a hold rating in a report on Thursday, September 3rd. Finally, Stifel Nicolaus lifted their target price on shares of Chart Industries from $80.00 to $85.00 and gave the company a buy rating in a report on Thursday, August 20th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $80.00.
Shares of Chart Industries stock opened at $70.51 on Monday. The business has a 50 day moving average price of $69.76 and a 200-day moving average price of $46.66. The company has a quick ratio of 1.21, a current ratio of 1.90 and a debt-to-equity ratio of 0.59. Chart Industries has a 52 week low of $15.00 and a 52 week high of $77.56. The company has a market cap of $2.54 billion, a PE ratio of 42.48 and a beta of 1.81.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.24. The company had revenue of $310.40 million for the quarter, compared to analyst estimates of $290.61 million. Chart Industries had a net margin of 4.48% and a return on equity of 7.92%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. As a group, research analysts anticipate that Chart Industries will post 2.57 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in Chart Industries by 33.0% in the first quarter. Alliancebernstein L.P. now owns 1,463,317 shares of the industrial products company’s stock worth $42,407,000 after acquiring an additional 362,908 shares in the last quarter. Carillon Tower Advisers Inc. increased its stake in shares of Chart Industries by 1.2% in the first quarter. Carillon Tower Advisers Inc. now owns 1,192,778 shares of the industrial products company’s stock worth $31,728,000 after acquiring an additional 13,800 shares during the period. State Street Corp grew its position in Chart Industries by 8.5% during the 1st quarter. State Street Corp now owns 1,124,683 shares of the industrial products company’s stock worth $32,593,000 after purchasing an additional 88,004 shares during the period. Fisher Asset Management LLC raised its position in Chart Industries by 30.6% during the second quarter. Fisher Asset Management LLC now owns 1,070,314 shares of the industrial products company’s stock valued at $51,900,000 after acquiring an additional 250,576 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Chart Industries by 328.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 618,954 shares of the industrial products company’s stock valued at $30,013,000 after purchasing an additional 474,646 shares in the last quarter.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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