Chart Industries, Inc. (NYSE:GTLS) Receives $202.00 Consensus Target Price from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned an average recommendation of “Reduce” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and twelve have issued a hold recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $198.1667.

GTLS has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th.

Chart Industries Price Performance

NYSE GTLS opened at $207.16 on Wednesday. Chart Industries has a 12 month low of $140.50 and a 12 month high of $208.51. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The firm has a market capitalization of $9.92 billion, a PE ratio of 796.82, a P/E/G ratio of 1.11 and a beta of 1.56. The company’s 50 day simple moving average is $207.38 and its 200 day simple moving average is $206.22.

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

Institutional Trading of Chart Industries

A number of large investors have recently added to or reduced their stakes in GTLS. AQR Capital Management LLC boosted its holdings in Chart Industries by 39.0% during the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Chart Industries by 7.8% during the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after buying an additional 5,443 shares in the last quarter. Sei Investments Co. boosted its holdings in Chart Industries by 0.7% during the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Chart Industries by 8.6% during the second quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after buying an additional 4,129 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Chart Industries by 55.9% during the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after buying an additional 49,715 shares in the last quarter.

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.