Chart Industries Inc. (GTLS) Hits New 52-Week High at $31.44
Shares of Chart Industries Inc. (NASDAQ:GTLS) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.44 and last traded at $31.29, with a volume of 153,893 shares traded. The stock had previously closed at $31.22.
Several analysts have issued reports on the company. Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Evercore ISI lowered Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Thursday, August 4th. Finally, Lake Street Capital raised Chart Industries from a “hold” rating to a “buy” rating and upped their target price for the stock from $19.00 to $34.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.86.
The company’s 50-day moving average price is $27.12 and its 200 day moving average price is $23.55. The firm’s market capitalization is $960.62 million.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.60. The business had revenue of $247.10 million for the quarter, compared to the consensus estimate of $222.95 million. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. Analysts expect that Chart Industries Inc. will post $0.84 EPS for the current year.
A hedge fund recently raised its stake in Chart Industries stock. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Chart Industries Inc. (NASDAQ:GTLS) by 421.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,500 shares of the company’s stock after buying an additional 67,500 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.27% of Chart Industries worth $1,500,000 at the end of the most recent quarter.
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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