Chart Industries Inc. (GTLS) Sets New 1-Year High at $31.44
Chart Industries Inc. (NASDAQ:GTLS) reached 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 trading hands. The stock had previously closed at $31.22.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Evercore ISI downgraded Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a report on Thursday, August 4th. Finally, Lake Street Capital upgraded Chart Industries from a “hold” rating to a “buy” rating and boosted their price objective for the company from $19.00 to $34.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $27.86.
The stock has a 50-day moving average of $27.33 and a 200-day moving average of $23.66. The firm’s market capitalization is $960.93 million.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.60. The business had revenue of $247.10 million for the quarter, compared to analyst estimates of $222.95 million. Chart Industries’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. Equities analysts predict that Chart Industries Inc. will post $0.84 earnings per share for the current year.
A hedge fund recently raised its stake in Chart Industries stock. Cornerstone Capital Management Holdings LLC. raised its stake in Chart Industries Inc. (NASDAQ:GTLS) by 421.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.
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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