Wall Street Zen Downgrades Chart Industries (NYSE:GTLS) to Sell

Chart Industries (NYSE:GTLS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

GTLS has been the topic of several other reports. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Twelve research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $198.17.

Chart Industries Trading Down 0.0%

Chart Industries stock opened at $207.20 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 796.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.56. Chart Industries has a 1 year low of $140.50 and a 1 year high of $208.51. The firm’s 50 day moving average price is $207.38 and its two-hundred day moving average price is $206.11.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a positive return on equity of 10.50% and a negative net margin of 0.62%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $2.66 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts predict that Chart Industries will post 9.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. United Community Bank boosted its stake in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after buying an additional 113 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after buying an additional 71 shares during the period. Torren Management LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at $30,000. MCF Advisors LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at $41,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at $40,000.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.