BidaskClub lowered shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a hold rating in a report released on Friday.

Other analysts have also recently issued reports about the stock. Lake Street Capital set a $59.00 price objective on shares of Chart Industries and gave the stock a buy rating in a research note on Wednesday, January 3rd. Northcoast Research upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $51.00 target price for the company in a research note on Monday, October 9th. Johnson Rice reiterated a buy rating and set a $48.00 target price (up from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Seaport Global Securities upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $58.00 target price for the company in a research note on Friday, October 27th. Finally, Cowen reiterated a hold rating and set a $40.00 target price on shares of Chart Industries in a research note on Sunday, October 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $52.67.

Shares of Chart Industries (NASDAQ GTLS) opened at $52.86 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. Chart Industries has a one year low of $32.04 and a one year high of $55.42. The firm has a market cap of $1,630.00, a price-to-earnings ratio of -755.14, a PEG ratio of 1.52 and a beta of 1.33.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The business had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $235.96 million. During the same period in the previous year, the company earned $0.53 earnings per share. Chart Industries’s revenue for the quarter was up 17.9% on a year-over-year basis. research analysts anticipate that Chart Industries will post 0.84 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in Chart Industries by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock valued at $824,000 after purchasing an additional 215 shares during the last quarter. Suntrust Banks Inc. raised its stake in Chart Industries by 2.0% during the 2nd quarter. Suntrust Banks Inc. now owns 12,692 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 252 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Chart Industries by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,977 shares of the industrial products company’s stock valued at $3,472,000 after purchasing an additional 292 shares during the last quarter. CS Mckee LP raised its stake in Chart Industries by 2.0% during the 2nd quarter. CS Mckee LP now owns 36,125 shares of the industrial products company’s stock valued at $1,255,000 after purchasing an additional 700 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Chart Industries by 5.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 18,460 shares of the industrial products company’s stock valued at $641,000 after buying an additional 970 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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Chart Industries Company Profile

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.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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