Chart Industries (NYSE:GTLS) Stock Rating Upgraded by Zacks Research

Chart Industries (NYSE:GTLS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $204.10.

Chart Industries Stock Up 0.1%

GTLS stock opened at $206.86 on Thursday. Chart Industries has a 1-year low of $104.60 and a 1-year high of $208.24. The business’s 50 day simple moving average is $206.61 and its 200 day simple moving average is $202.51. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.30 billion, a PE ratio of 252.27, a PEG ratio of 0.79 and a beta of 1.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Chart Industries in the fourth quarter valued at approximately $237,827,000. Balyasny Asset Management L.P. grew its holdings in shares of Chart Industries by 2,251.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after purchasing an additional 975,501 shares in the last quarter. Millennium Management LLC increased its position in shares of Chart Industries by 222.7% in the third quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock worth $162,895,000 after purchasing an additional 561,622 shares during the period. UBS Group AG raised its stake in Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after purchasing an additional 513,195 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Chart Industries during the third quarter worth about $92,938,000.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.