Chart Industries (NASDAQ:GTLS) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Chart Industries (NASDAQ:GTLS) from a strong sell rating to a sell rating in a report released on Tuesday morning, BidAskClub reports.

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.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, October 17th. The industrial products company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.01). Chart Industries had a net margin of 6.55% and a return on equity of 8.10%. The business had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $378.53 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Chart Industries’s revenue was up 31.4% on a year-over-year basis. On average, equities analysts expect that Chart Industries will post 2.78 earnings per share for the current year.

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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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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