Chart Industries, Inc. (GTLS) Lifted to Hold at BidaskClub
BidaskClub upgraded shares of Chart Industries, Inc. (NASDAQ:GTLS) from a sell rating to a hold rating in a report issued on Friday.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Chart Industries from a buy rating to a hold rating in a report on Monday, May 1st. Johnson Rice upgraded shares of Chart Industries from a hold rating to a buy rating and raised their price target for the stock from $40.00 to $42.00 in a report on Thursday, June 29th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $40.43.
Shares of Chart Industries (GTLS) traded down 0.17% during trading on Friday, reaching $34.25. 113,817 shares of the company traded hands. The firm has a market capitalization of $1.05 billion, a PE ratio of 90.37 and a beta of 1.28. The firm has a 50-day moving average price of $34.71 and a 200-day moving average price of $35.70. Chart Industries has a 12 month low of $27.01 and a 12 month high of $40.87.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $238.21 million during the quarter, compared to analysts’ expectations of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Equities research analysts anticipate that Chart Industries will post $0.79 EPS for the current year.
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Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in Chart Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,390 shares of the industrial products company’s stock worth $118,000 after buying an additional 80 shares during the period. SG Americas Securities LLC boosted its stake in Chart Industries by 29.1% in the first quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,052 shares during the period. Invictus RG acquired a new stake in Chart Industries during the first quarter worth about $180,000. Envestnet Asset Management Inc. boosted its stake in Chart Industries by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock worth $219,000 after buying an additional 168 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in Chart Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 7,176 shares of the industrial products company’s stock worth $251,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.
About Chart Industries
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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