Chart Industries Inc. (GTLS) Trading 2% Higher
Chart Industries Inc. (NASDAQ:GTLS) traded up 2% during trading on Tuesday . The stock traded as high as $30.59 and last traded at $30.58, with a volume of 135,597 shares trading hands. The stock had previously closed at $29.99.
Several equities research analysts have recently commented on the company. Lake Street Capital raised Chart Industries from a “hold” rating to a “buy” rating and upped their target price for the company from $19.00 to $34.00 in a report on Friday, April 29th. Evercore ISI downgraded Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research note on Thursday, August 4th. Morgan Stanley increased their price objective on Chart Industries from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 19th. Finally, Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.86.
The stock’s market cap is $930.03 million. The firm has a 50-day moving average of $26.68 and a 200 day moving average of $23.44.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, July 28th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.60. During the same period last year, the business posted $0.60 earnings per share. The firm earned $247.10 million during the quarter, compared to analyst estimates of $222.95 million. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Chart Industries Inc. will post $0.84 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Chart Industries by 40.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,125 shares of the company’s stock worth $1,098,000 after buying an additional 17,725 shares during the period. Bank of Montreal Can boosted its stake in shares of Chart Industries by 49.7% in the fourth quarter. Bank of Montreal Can now owns 243,397 shares of the company’s stock worth $4,371,000 after buying an additional 80,766 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Chart Industries by 421.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 83,500 shares of the company’s stock worth $1,500,000 after buying an additional 67,500 shares during the period.
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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