Chart Industries (NASDAQ:GTLS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, January 5th.
Several other analysts also recently issued reports on GTLS. Johnson Rice reissued a “buy” rating and issued a $48.00 price objective (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Northcoast Research raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Monday, October 9th. Cowen reaffirmed a “hold” rating and set a $40.00 target price on shares of Chart Industries in a research report on Sunday, October 22nd. Seaport Global Securities raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, October 27th. Finally, Lake Street Capital lifted their price objective on shares of Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.67.
Shares of Chart Industries (NASDAQ GTLS) traded up $0.32 during trading hours on Friday, hitting $54.82. 233,300 shares of the company were exchanged, compared to its average volume of 336,500. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Chart Industries has a 1 year low of $32.04 and a 1 year high of $54.95. The company has a market cap of $1,700.00, a P/E ratio of -783.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sheets Smith Wealth Management acquired a new stake in shares of Chart Industries during the fourth quarter worth $239,000. PEAK6 Investments L.P. acquired a new stake in shares of Chart Industries during the third quarter worth $393,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Chart Industries during the third quarter worth $8,409,000. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,431,180 shares of the industrial products company’s stock worth $95,375,000 after buying an additional 80,677 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Chart Industries by 7.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 239,213 shares of the industrial products company’s stock worth $9,385,000 after buying an additional 16,034 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.
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About Chart Industries
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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