BidaskClub lowered shares of Chart Industries (NASDAQ:GTLS) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised Chart Industries from a hold rating to a strong-buy rating and set a $50.00 target price on the stock in a research report on Wednesday, November 1st. Lake Street Capital raised their target price on Chart Industries from $48.00 to $55.00 and gave the stock a buy rating in a research report on Friday, October 27th. Seaport Global Securities raised Chart Industries from a neutral rating to a buy rating and set a $58.00 target price on the stock in a research report on Friday, October 27th. Cowen reissued a hold rating and issued a $40.00 target price on shares of Chart Industries in a research report on Sunday, October 22nd. Finally, Northcoast Research raised Chart Industries from a neutral rating to a buy rating and set a $51.00 target price on the stock in a research report on Monday, October 9th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chart Industries presently has a consensus rating of Buy and a consensus price target of $48.14.
Shares of Chart Industries (NASDAQ GTLS) traded down $0.34 during trading hours on Wednesday, reaching $45.65. The company’s stock had a trading volume of 224,074 shares, compared to its average volume of 271,478. The stock has a market capitalization of $1,415.16, a PE ratio of 88.44, a price-to-earnings-growth ratio of 2.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $48.78.
Several hedge funds and other institutional investors have recently bought and sold shares of GTLS. Eagle Asset Management Inc. raised its stake in shares of Chart Industries by 176.4% in the third quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock worth $58,297,000 after buying an additional 924,284 shares during the period. SG Capital Management LLC bought a new position in shares of Chart Industries in the third quarter worth about $13,381,000. Dimensional Fund Advisors LP raised its stake in shares of Chart Industries by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock worth $81,633,000 after buying an additional 260,913 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in shares of Chart Industries in the third quarter worth about $8,409,000. Finally, Vivaldi Asset Management LLC bought a new position in shares of Chart Industries in the second quarter worth about $2,858,000. 86.75% of the stock is currently owned by hedge funds and other institutional investors.
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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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