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

Chart Industries, Inc. (NYSE:GTLS) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $188.75.

Several equities research analysts have weighed in on GTLS shares. BTIG Research boosted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Craig Hallum boosted their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. The Goldman Sachs Group boosted their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays cut their target price on 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.

Chart Industries Price Performance

NYSE:GTLS opened at $214.02 on Thursday. 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 $9.16 billion, a P/E ratio of 62.03, a P/E/G ratio of 0.64 and a beta of 1.84. Chart Industries has a 12 month low of $101.60 and a 12 month high of $220.03. The business’s 50-day moving average is $193.47 and its 200 day moving average is $153.23.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Chart Industries’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Archford Capital Strategies LLC grew its stake in Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 48 shares in the last quarter. MML Investors Services LLC lifted its holdings in Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after buying an additional 63 shares during the period. Blue Trust Inc. lifted its holdings in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Aristeia Capital L.L.C. lifted its holdings in Chart Industries by 3.7% during the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after buying an additional 92 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in Chart Industries by 2.4% during the third quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company’s stock worth $595,000 after buying an additional 114 shares during the period.

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.