Chart Industries, Inc. (NYSE:GTLS) Given Consensus Rating of “Hold” by Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have received a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $202.00.

GTLS has been the subject of several recent analyst reports. Barclays decreased their price target on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Hsbc Global Res raised Chart Industries to a “hold” rating in a research note on Wednesday, July 30th. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Cowen lowered Chart Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, TD Cowen cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently bought and sold shares of GTLS. IFP Advisors Inc lifted its position in Chart Industries by 4.7% in the 2nd quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 63 shares in the last quarter. Allworth Financial LP lifted its position in Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in Chart Industries by 14.1% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock worth $106,000 after buying an additional 79 shares in the last quarter. Xponance Inc. lifted its position in Chart Industries by 1.4% during the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock worth $883,000 after buying an additional 85 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after buying an additional 93 shares in the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock opened at $199.93 on Tuesday. Chart Industries has a 12-month low of $104.60 and a 12-month high of $220.03. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67. The business has a 50 day simple moving average of $196.21 and a 200 day simple moving average of $166.48.

Chart Industries (NYSE:GTLS) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. On average, equities research analysts anticipate that Chart Industries will post 9.02 EPS for the current year.

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.