Chart Industries, Inc. (GTLS) Receives $78.64 Consensus Price Target from Analysts

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Shares of Chart Industries, Inc. (NASDAQ:GTLS) have been assigned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $78.64.

Several equities research analysts recently issued reports on GTLS shares. BidaskClub cut shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Evercore ISI upgraded shares of Chart Industries from an “in-line” rating to an “outperform” rating and set a $95.00 price target on the stock in a research note on Monday, December 3rd. Finally, Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th.

Institutional investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new position in shares of Chart Industries during the 3rd quarter valued at $127,000. Quantbot Technologies LP purchased a new position in shares of Chart Industries during the 3rd quarter valued at $134,000. Ibex Investors LLC purchased a new position in shares of Chart Industries during the 3rd quarter valued at $216,000. MAI Capital Management purchased a new position in shares of Chart Industries during the 3rd quarter valued at $235,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Chart Industries during the 3rd quarter valued at $247,000. Institutional investors and hedge funds own 99.06% of the company’s stock.

GTLS stock traded down $1.91 on Tuesday, hitting $68.03. The company had a trading volume of 3,951 shares, compared to its average volume of 333,077. Chart Industries has a 12-month low of $43.50 and a 12-month high of $80.31. The company has a current ratio of 2.13, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.17 billion, a P/E ratio of 70.86, a P/E/G ratio of 0.88 and a beta of 1.04.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, October 18th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.19. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The company had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $314.52 million. During the same quarter last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. As a group, equities analysts predict that Chart Industries will post 2.04 earnings per share for the current year.

Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.

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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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