Chart Industries, Inc. (NYSE:GTLS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $178.82.

A number of equities analysts have recently commented on GTLS shares. The Goldman Sachs Group cut their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Barclays reduced their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Craig Hallum increased their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Bank of America reduced their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday.

Chart Industries Stock Up 0.9 %

Chart Industries stock opened at $193.90 on Wednesday. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 56.20, a P/E/G ratio of 0.99 and a beta of 1.86. The firm has a 50 day simple moving average of $145.20 and a 200 day simple moving average of $140.13. Chart Industries has a 1-year low of $101.60 and a 1-year high of $196.91. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts predict that Chart Industries will post 9.03 earnings per share for the current year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock valued at $482,278 over the last quarter. 0.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chart Industries

A number of large investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries during the third quarter worth about $34,000. UMB Bank n.a. raised its position in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in Chart Industries in the 2nd quarter worth approximately $40,000. Ecofi Investissements SA bought a new stake in shares of Chart Industries in the 2nd quarter worth approximately $50,000. Finally, Mendota Financial Group LLC increased its stake in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the period.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.