Chart Industries Inc. (GTLS) Trading Down 1.5%
Shares of Chart Industries Inc. (NASDAQ:GTLS) traded down 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.
A number of analysts have recently issued reports on the stock. Lake Street Capital upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.00 to $34.00 in a report on Friday, April 29th. Evercore ISI downgraded shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a report on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Chart Industries currently has a consensus rating of “Hold” and a consensus target price of $27.86.
The company’s market capitalization is $941.35 million. The firm has a 50-day moving average price of $28.22 and a 200-day moving average price of $24.20.
Chart Industries (NASDAQ:GTLS) last announced its quarterly 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 earned $247.10 million during the quarter, compared to analysts’ expectations of $222.95 million. During the same period last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Equities analysts expect that Chart Industries Inc. will post $0.84 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Chart Industries stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Chart Industries Inc. (NASDAQ:GTLS) by 40.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 approximately 0.20% of Chart Industries worth $1,098,000 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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