Chart Industries (NASDAQ:GTLS) Stock Rating Upgraded by BidaskClub

Chart Industries (NASDAQ:GTLS) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

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.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, October 17th. The industrial products company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The company had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $378.53 million. During the same quarter in the prior year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, research analysts expect that Chart Industries will post 2.78 earnings per share for the current fiscal year.

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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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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