Several other equities research analysts have also commented on GTLS. ValuEngine upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. initiated coverage on shares of Chart Industries in a research note on Wednesday, September 25th. They issued a “neutral” rating and a $73.00 price objective for the company. Morgan Stanley dropped their price objective on Chart Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Citigroup initiated coverage on Chart Industries in a report on Tuesday, November 26th. They set a “buy” rating and a $71.00 price objective on the stock. Finally, Credit Suisse Group assumed coverage on Chart Industries in a research report on Tuesday, August 13th. They set an “outperform” rating and a $83.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $81.13.
Shares of Chart Industries stock opened at $55.99 on Tuesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 27.72 and a beta of 1.23. Chart Industries has a 52 week low of $52.32 and a 52 week high of $95.66. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $56.67 and its two-hundred day moving average is $65.76.
Institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in Chart Industries during the 2nd quarter worth $52,000. Bourgeon Capital Management LLC purchased a new position in shares of Chart Industries during the third quarter worth about $62,000. Tower Research Capital LLC TRC acquired a new position in Chart Industries in the 3rd quarter valued at about $62,000. Point72 Hong Kong Ltd increased its position in Chart Industries by 2,000.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 945 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 900 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Chart Industries by 39.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,200 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 338 shares during the period.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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