Chart Industries (NYSE:GTLS) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Chart Industries (NYSE:GTLS) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also commented on GTLS. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. JPMorgan Chase & Co. increased their target price on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $204.10.

Chart Industries Trading Up 0.1%

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. United Community Bank grew its holdings in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 113 shares during the period. EverSource Wealth Advisors LLC increased its position in Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. Torren Management LLC bought a new stake in Chart Industries in the 4th quarter valued at $30,000. Finally, Bessemer Group Inc. lifted its holdings in Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 93 shares during the last quarter.

About Chart Industries

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.