Chart Industries Inc. (GTLS) Trading Down 1.5%
Shares of Chart Industries Inc. (NASDAQ:GTLS) dropped 1.5% during mid-day trading on Thursday . The company traded as low as $30.26 and last traded at $30.31, with a volume of 176,488 shares. The stock had previously closed at $30.76.
Several equities analysts have issued reports on GTLS shares. Lake Street Capital raised shares of Chart Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from $19.00 to $34.00 in a report on Friday, April 29th. Zacks Investment Research downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, Evercore ISI downgraded shares of 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. 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 stock. Chart Industries presently has an average rating of “Hold” and a consensus price target of $27.86.
The company’s 50 day moving average price is $28.02 and its 200 day moving average price is $24.10. The firm’s market capitalization is $928.19 million.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data 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 firm earned $247.10 million during the quarter, compared to analyst estimates of $222.95 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Chart Industries Inc. will post $0.84 EPS for the current fiscal year.
An institutional investor recently raised its position in Chart Industries stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Chart Industries Inc. (NASDAQ:GTLS) by 40.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,125 shares of the company’s stock after buying an additional 17,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.20% of Chart Industries worth $1,098,000 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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