TheStreet upgraded shares of Chart Industries (NASDAQ:GTLS) from a c+ rating to a b- rating in a research note issued to investors on Wednesday morning, TheStreetRatingsTable reports.
A number of other equities analysts have also weighed in on GTLS. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $80.00 to $85.00 and gave the company a buy rating in a research report on Thursday. Evercore ISI upgraded shares of Chart Industries from an in-line rating to an outperform rating and set a $62.00 target price on the stock in a research report on Monday, June 29th. Morgan Stanley lifted their price target on shares of Chart Industries from $55.00 to $60.00 and gave the company an overweight rating in a report on Monday, July 27th. Zacks Investment Research raised shares of Chart Industries from a hold rating to a strong-buy rating and set a $78.00 target price on the stock in a research note on Tuesday, July 28th. Finally, Citigroup raised their target price on shares of Chart Industries from $50.00 to $77.00 and gave the company a buy rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Chart Industries has a consensus rating of Buy and an average price target of $73.80.
Shares of NASDAQ GTLS traded down $0.78 during midday trading on Wednesday, hitting $73.17. The stock had a trading volume of 2,886 shares, compared to its average volume of 497,473. The company has a market capitalization of $2.61 billion, a PE ratio of 44.55 and a beta of 1.89. The stock has a 50 day simple moving average of $61.59 and a 200-day simple moving average of $46.45. Chart Industries has a 1 year low of $15.00 and a 1 year high of $77.56. The company has a quick ratio of 1.21, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.24. The company had revenue of $310.40 million for the quarter, compared to the consensus estimate of $290.61 million. Chart Industries had a return on equity of 7.92% and a net margin of 4.48%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, analysts expect that Chart Industries will post 3.15 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chart Industries by 2.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 294,383 shares of the industrial products company’s stock worth $14,275,000 after purchasing an additional 6,176 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Chart Industries by 1.1% in the 2nd quarter. California State Teachers Retirement System now owns 54,989 shares of the industrial products company’s stock worth $2,666,000 after purchasing an additional 582 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Chart Industries in the 2nd quarter worth approximately $204,000. Sei Investments Co. lifted its holdings in shares of Chart Industries by 181.9% in the 2nd quarter. Sei Investments Co. now owns 65,600 shares of the industrial products company’s stock worth $3,184,000 after purchasing an additional 42,327 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Chart Industries in the 2nd quarter worth approximately $98,000.
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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