Chart Industries, Inc. (GTLS) Receives $41.50 Consensus Price Target from Analysts
Shares of Chart Industries, Inc. (NASDAQ:GTLS) have earned a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $41.50.
A number of equities analysts have commented on the stock. 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 reiterated a “buy” rating and issued a $48.00 price objective (up previously from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Cowen and Company set a $38.00 price objective on shares of Chart Industries and gave the stock a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Monday, July 31st.
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A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Chart Industries by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 3,842,890 shares of the industrial products company’s stock worth $134,271,000 after buying an additional 310,641 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Chart Industries by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock valued at $81,633,000 after purchasing an additional 260,913 shares in the last quarter. State Street Corp raised its stake in shares of Chart Industries by 3.9% in the 2nd quarter. State Street Corp now owns 740,294 shares of the industrial products company’s stock valued at $25,707,000 after purchasing an additional 27,558 shares in the last quarter. Northern Trust Corp raised its stake in shares of Chart Industries by 7.7% in the 2nd quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after purchasing an additional 47,728 shares in the last quarter. Finally, Granite Investment Partners LLC raised its stake in shares of Chart Industries by 2.4% in the 2nd quarter. Granite Investment Partners LLC now owns 270,262 shares of the industrial products company’s stock valued at $9,386,000 after purchasing an additional 6,248 shares in the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.
Shares of Chart Industries (NASDAQ GTLS) traded up 0.33% during mid-day trading on Friday, hitting $42.96. The stock had a trading volume of 151,343 shares. The stock has a market cap of $1.32 billion, a P/E ratio of 113.35 and a beta of 1.28. The company’s 50 day moving average price is $37.84 and its 200 day moving average price is $35.49. Chart Industries has a 12-month low of $27.01 and a 12-month high of $43.73.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. Equities research analysts predict that Chart Industries will post $0.75 EPS for the current fiscal year.
About Chart Industries
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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