Analysts Set Chart Industries, Inc. (NYSE:GTLS) PT at $202.00

Chart Industries, Inc. (NYSE:GTLS) has been assigned a consensus rating of “Reduce” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $198.1667.

Several equities research analysts have recently weighed in on GTLS shares. Wall Street Zen downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently modified their holdings of the business. Infrastructure Capital Advisors LLC grew its position in shares of Chart Industries by 9.9% during the 1st quarter. Infrastructure Capital Advisors LLC now owns 73,205 shares of the industrial products company’s stock valued at $15,135,000 after buying an additional 6,615 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Chart Industries by 54.1% during the 1st quarter. Quantinno Capital Management LP now owns 8,193 shares of the industrial products company’s stock valued at $1,694,000 after buying an additional 2,878 shares during the last quarter. Whitebox Advisors LLC grew its position in shares of Chart Industries by 35.5% during the 1st quarter. Whitebox Advisors LLC now owns 758,887 shares of the industrial products company’s stock valued at $156,900,000 after buying an additional 198,886 shares during the last quarter. Kryger Capital LLC bought a new stake in shares of Chart Industries during the 1st quarter valued at about $113,737,000. Finally, Gabelli Funds LLC grew its position in shares of Chart Industries by 25.5% during the 1st quarter. Gabelli Funds LLC now owns 212,111 shares of the industrial products company’s stock valued at $43,854,000 after buying an additional 43,087 shares during the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock opened at $207.20 on Wednesday. Chart Industries has a 12 month low of $140.50 and a 12 month high of $208.51. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The firm has a market capitalization of $9.92 billion, a P/E ratio of 796.97, a P/E/G ratio of 1.11 and a beta of 1.56. The company’s fifty day moving average price is $207.38 and its two-hundred day moving average price is $206.11.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a positive return on equity of 10.50% and a negative net margin of 0.62%.The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS. On average, research analysts anticipate that Chart Industries will post 9.74 earnings per share for the current fiscal year.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.