Chart Industries (GTLS) Downgraded by BidaskClub to Buy
BidaskClub downgraded shares of Chart Industries (NASDAQ:GTLS) from a strong-buy rating to a buy rating in a report released on Wednesday morning.
GTLS has been the topic of a number of other reports. Northcoast Research upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $51.00 price objective on the stock in a report on Monday, October 9th. Johnson Rice restated a buy rating and issued a $48.00 price objective (up from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Lake Street Capital raised their price objective on shares of Chart Industries from $48.00 to $55.00 and gave the company a buy rating in a report on Friday, October 27th. Seaport Global Securities upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $58.00 price objective on the stock in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Chart Industries from a hold rating to a strong-buy rating and set a $50.00 price objective on the stock in a report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Chart Industries has an average rating of Buy and an average target price of $48.14.
Shares of Chart Industries (NASDAQ:GTLS) opened at $45.65 on Wednesday. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $48.78. The firm has a market cap of $1,415.16, a price-to-earnings ratio of 88.44, a PEG ratio of 2.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The business had revenue of $240.50 million for the quarter, compared to analyst estimates of $235.96 million. During the same period last year, the business earned $0.53 EPS. The company’s revenue was up 17.9% on a year-over-year basis. sell-side analysts anticipate that Chart Industries will post 0.84 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. PEAK6 Investments L.P. acquired a new stake in Chart Industries during the 3rd quarter worth $393,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in Chart Industries during the 3rd quarter worth $8,409,000. Dimensional Fund Advisors LP raised its stake in Chart Industries by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,180 shares of the industrial products company’s stock worth $95,375,000 after acquiring an additional 80,677 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Chart Industries by 7.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 239,213 shares of the industrial products company’s stock worth $9,385,000 after acquiring an additional 16,034 shares in the last quarter. Finally, Barings LLC acquired a new stake in Chart Industries during the 3rd quarter worth $204,000. Hedge funds and other institutional investors own 86.75% of the company’s stock.
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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.
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