BidaskClub upgraded shares of Chart Industries (NASDAQ:GTLS) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other equities analysts also recently issued reports on the company. Cowen set a $50.00 target price on Chart Industries and gave the stock a hold rating in a research note on Thursday, January 4th. Lake Street Capital set a $59.00 target price on Chart Industries and gave the stock a buy rating in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded Chart Industries from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Seaport Global Securities raised Chart Industries from a neutral rating to a buy rating and set a $58.00 target price for the company in a research note on Friday, October 27th. Finally, Northcoast Research raised Chart Industries from a neutral rating to a buy rating and set a $51.00 target price for the company in a research note on Monday, October 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Chart Industries presently has a consensus rating of Buy and an average price target of $52.67.

Shares of Chart Industries (NASDAQ:GTLS) traded down $0.55 during mid-day trading on Friday, hitting $52.07. The stock had a trading volume of 72,305 shares, compared to its average volume of 328,980. The stock has a market cap of $1,620.00, a P/E ratio of -743.86, a price-to-earnings-growth ratio of 1.53 and a beta of 1.33. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $53.10. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $235.96 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. analysts expect that Chart Industries will post 0.84 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. Barings LLC purchased a new position in Chart Industries in the 3rd quarter valued at approximately $204,000. SG Americas Securities LLC increased its stake in Chart Industries by 42.7% in the 2nd quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 1,992 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Chart Industries in the 2nd quarter valued at approximately $231,000. Crossmark Global Holdings Inc. purchased a new position in Chart Industries in the 3rd quarter valued at approximately $231,000. Finally, PEAK6 Investments L.P. purchased a new position in Chart Industries in the 3rd quarter valued at approximately $393,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

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Chart Industries Company Profile

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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