Chart Industries, Inc. (NYSE:GTLS) Receives Average Recommendation of “Reduce” from Brokerages

Chart Industries, Inc. (NYSE:GTLS) has been given a consensus recommendation of “Reduce” by the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $210.00.

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th.

Institutional Investors Weigh In On Chart Industries

Institutional investors have recently bought and sold shares of the business. Torren Management LLC acquired a new position in shares of Chart Industries in the 4th quarter valued at about $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth approximately $40,000. MCF Advisors LLC purchased a new position in Chart Industries during the fourth quarter valued at approximately $41,000. Smartleaf Asset Management LLC increased its stake in Chart Industries by 44.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after buying an additional 69 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after buying an additional 100 shares during the period.

Chart Industries Stock Performance

Chart Industries stock opened at $209.90 on Monday. Chart Industries has a fifty-two week low of $163.23 and a fifty-two week high of $209.96. The firm’s 50 day simple moving average is $208.39 and its 200-day simple moving average is $207.67. 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 company has a market cap of $10.05 billion, a P/E ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53.

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.