Chart Industries, Inc. (NASDAQ:GTLS) has been assigned an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $53.20.
Several equities research analysts recently commented on GTLS shares. Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Thursday, February 8th. Lake Street Capital boosted their price target on Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, October 27th. BidaskClub cut Chart Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Finally, Craig Hallum raised Chart Industries from a “hold” rating to a “buy” rating in a research note on Thursday.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Chart Industries by 3.4% in 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 purchasing an additional 80,677 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Chart Industries by 17.5% in the 4th quarter. Eagle Asset Management Inc. now owns 1,701,901 shares of the industrial products company’s stock worth $79,733,000 after purchasing an additional 253,509 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Chart Industries by 2.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,353,367 shares of the industrial products company’s stock worth $53,093,000 after purchasing an additional 37,964 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new stake in Chart Industries in the 4th quarter worth approximately $52,412,000. Finally, State Street Corp lifted its holdings in shares of Chart Industries by 3.9% during 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. Hedge funds and other institutional investors own 89.23% of the company’s stock.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.15. The business had revenue of $306.00 million during the quarter, compared to analysts’ expectations of $282.19 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The company’s revenue was up 42.7% on a year-over-year basis. analysts predict that Chart Industries will post 0.84 EPS for the current fiscal year.
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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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