Chart Industries, Inc. (NYSE:GTLS) Given Average Rating of “Moderate Buy” by Brokerages

Chart Industries, Inc. (NYSE:GTLS) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $188.75.

GTLS has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Barclays dropped their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Finally, Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Chart Industries Stock Performance

Shares of GTLS opened at $189.88 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 1.01 and a beta of 1.86. Chart Industries has a 12 month low of $101.60 and a 12 month high of $204.23. The stock has a 50 day moving average of $176.36 and a 200 day moving average of $146.93.

Chart Industries (NYSE:GTLS) last issued 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). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. As a group, sell-side analysts forecast that Chart Industries will post 9.03 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

Several institutional investors have recently modified their holdings of GTLS. Bank of New York Mellon Corp raised its holdings in shares of Chart Industries by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 391,497 shares of the industrial products company’s stock worth $56,509,000 after purchasing an additional 15,496 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Chart Industries by 55.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,007 shares of the industrial products company’s stock valued at $5,053,000 after purchasing an additional 12,475 shares during the period. Hantz Financial Services Inc. bought a new position in Chart Industries during the 2nd quarter worth $1,313,000. Commonwealth Equity Services LLC increased its position in Chart Industries by 13.4% in the second quarter. Commonwealth Equity Services LLC now owns 6,283 shares of the industrial products company’s stock worth $907,000 after buying an additional 743 shares during the period. Finally, Summit Financial LLC bought a new stake in Chart Industries in the second quarter valued at $315,000.

About Chart Industries

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.