Chart Industries (GTLS) Upgraded at ValuEngine

Chart Industries (NASDAQ:GTLS) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday, May 2nd.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. TheStreet upgraded shares of Chart Industries from a “c” rating to a “b-” rating in a research note on Friday, March 2nd. Alembic Global Advisors restated a “hold” rating on shares of Chart Industries in a research note on Thursday, March 8th. Lake Street Capital set a $59.00 price target on shares of Chart Industries and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 23rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $62.17.

GTLS traded up $0.73 on Wednesday, hitting $62.98. 469,400 shares of the company’s stock were exchanged, compared to its average volume of 294,211. Chart Industries has a twelve month low of $61.29 and a twelve month high of $62.15. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 65.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.54.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, April 19th. The industrial products company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Chart Industries had a net margin of 3.46% and a return on equity of 5.20%. The company had revenue of $279.70 million for the quarter, compared to analyst estimates of $263.34 million. During the same quarter last year, the business earned $0.01 earnings per share. Chart Industries’s revenue was up 37.0% compared to the same quarter last year. research analysts anticipate that Chart Industries will post 1.89 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Elkfork Partners LLC bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $148,000. SG Americas Securities LLC bought a new position in shares of Chart Industries in the first quarter valued at approximately $193,000. D.A. Davidson & CO. bought a new position in shares of Chart Industries in the first quarter valued at approximately $212,000. Alpine Woods Capital Investors LLC bought a new position in shares of Chart Industries in the first quarter valued at approximately $224,000. Finally, CIBC Asset Management Inc bought a new position in shares of Chart Industries in the first quarter valued at approximately $239,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

About Chart Industries

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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