Chart Industries, Inc. (NASDAQ:GTLS) has been given a $38.00 target price by investment analysts at Cowen and Company in a research report issued to clients and investors on Friday, August 4th. The firm presently has a “hold” rating on the industrial products company’s stock. Cowen and Company’s price target indicates a potential upside of 15.89% from the company’s previous close.
Several other brokerages have also recently commented on GTLS. Zacks Investment Research cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Johnson Rice raised shares of Chart Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $42.00 in a research note on Thursday, June 29th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.43.
Chart Industries (NASDAQ:GTLS) traded down 0.64% on Friday, hitting $32.79. 165,734 shares of the stock traded hands. The stock has a 50-day moving average price of $34.71 and a 200 day moving average price of $35.40. The stock has a market cap of $1.01 billion, a P/E ratio of 86.52 and a beta of 1.28. Chart Industries has a 12-month low of $27.01 and a 12-month high of $40.87.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The company had revenue of $238.21 million during the quarter, compared to analysts’ expectations of $225.76 million. During the same quarter in the previous year, the company earned $0.72 EPS. Chart Industries’s revenue was down 3.6% on a year-over-year basis. On average, equities analysts expect that Chart Industries will post $0.77 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Chart Industries by 8.8% in the first 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 during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Chart Industries by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock worth $81,633,000 after buying an additional 260,913 shares during the last quarter. State Street Corp increased its position in shares of Chart Industries by 3.9% in the second quarter. State Street Corp now owns 740,294 shares of the industrial products company’s stock worth $25,707,000 after buying an additional 27,558 shares during the last quarter. Northern Trust Corp increased its position in shares of Chart Industries by 7.7% in the second quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock worth $23,178,000 after buying an additional 47,728 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Chart Industries by 2.1% in the first quarter. Canada Pension Plan Investment Board now owns 309,000 shares of the industrial products company’s stock worth $10,796,000 after buying an additional 6,300 shares during the last quarter. 85.98% of the stock is currently owned by institutional investors and hedge funds.
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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