Several other equities research analysts have also recently issued reports on the company. Credit Suisse Group began coverage on Chart Industries in a report on Tuesday, August 13th. They issued an outperform rating and a $83.00 target price on the stock. Zacks Investment Research cut Chart Industries from a buy rating to a hold rating in a report on Friday, October 11th. Morgan Stanley reduced their target price on Chart Industries from $100.00 to $90.00 and set an overweight rating on the stock in a report on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on Chart Industries in a report on Wednesday, September 25th. They issued a neutral rating and a $73.00 target price on the stock. Finally, Raymond James raised Chart Industries from a market perform rating to an outperform rating and set a $72.00 target price on the stock in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $81.13.
Shares of Chart Industries stock opened at $59.10 on Tuesday. The stock’s 50-day simple moving average is $56.60 and its 200-day simple moving average is $65.39. Chart Industries has a 52 week low of $52.32 and a 52 week high of $95.66. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 29.26 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.
Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Chart Industries in the second quarter worth about $52,000. Bourgeon Capital Management LLC bought a new stake in Chart Industries during the third quarter worth approximately $62,000. Tower Research Capital LLC TRC bought a new stake in Chart Industries during the third quarter worth approximately $62,000. Point72 Hong Kong Ltd increased its stake in Chart Industries by 2,000.0% during the second quarter. Point72 Hong Kong Ltd now owns 945 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 900 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Chart Industries by 39.2% during the third quarter. Point72 Asset Management L.P. now owns 1,200 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 338 shares during the last quarter.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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