Chart Industries (GTLS) Cut to Buy at BidaskClub

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.

Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. The business had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $235.96 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. equities analysts forecast that Chart Industries will post 0.84 earnings per share for the current year.

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.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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