BidaskClub Lowers Chart Industries (GTLS) to Hold

BidaskClub lowered shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Several other equities research analysts also recently commented on GTLS. Johnson Rice restated a buy rating and issued a $48.00 target price (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Northcoast Research upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $51.00 target price on the stock in a research note on Monday, October 9th. Cowen restated a hold rating and issued a $40.00 target price on shares of Chart Industries in a research note on Sunday, October 22nd. Seaport Global Securities upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $58.00 target price on the stock in a research note on Friday, October 27th. Finally, Lake Street Capital boosted their target price on shares of Chart Industries from $48.00 to $55.00 and gave the company a buy rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $50.33.

Shares of Chart Industries (GTLS) traded up $0.07 during trading hours on Wednesday, hitting $46.09. 129,802 shares of the stock traded hands, compared to its average volume of 272,714. Chart Industries has a 52 week low of $32.04 and a 52 week high of $48.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market cap of $1,416.08, a P/E ratio of -768.04, a PEG ratio of 2.74 and a beta of 1.32.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $235.96 million. During the same quarter in the previous year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities research analysts predict that Chart Industries will post 0.84 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in GTLS. Eagle Asset Management Inc. raised its holdings 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 valued at $58,297,000 after buying an additional 924,284 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Chart Industries in the third quarter valued at about $13,381,000. Dimensional Fund Advisors LP raised its holdings 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 valued at $81,633,000 after buying an additional 260,913 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new position in shares of Chart Industries in the third quarter valued at about $8,409,000. Finally, Vivaldi Asset Management LLC bought a new position in shares of Chart Industries in the second quarter valued at about $2,858,000. 86.65% of the stock is owned by institutional investors and hedge funds.

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Chart Industries Company Profile

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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