Chart Industries (GTLS) Rating Increased to Buy at BidaskClub

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.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. equities research analysts predict that Chart Industries will post 0.84 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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