Chart Industries Inc. (NASDAQ:GTLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage currently has a $37.00 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 11.48% from the company’s current price.
According to Zacks, “CHART INDUSTRIES is a leading independent global manufacturer of highly engineered equipment used in the production, storage and end use of hydrocarbon and industrial gases. Their products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end use applications, the largest portion of which are energy related. “
GTLS has been the topic of a number of other reports. Gabelli started coverage on Chart Industries in a report on Tuesday. They issued a “buy” rating and a $51.00 price objective on the stock. Evercore ISI downgraded Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.44.
Shares of Chart Industries (NASDAQ:GTLS) opened at 33.19 on Tuesday. The stock has a 50 day moving average price of $31.44 and a 200 day moving average price of $27.03. Chart Industries has a 12-month low of $13.27 and a 12-month high of $34.06. The firm’s market capitalization is $1.02 billion.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.60. The company had revenue of $247.10 million for the quarter, compared to the consensus estimate of $222.95 million. Chart Industries had a positive return on equity of 4.55% and a negative net margin of 21.63%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. Equities analysts anticipate that Chart Industries will post $0.84 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Chart Industries by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,452,120 shares of the company’s stock valued at $59,170,000 after buying an additional 94,829 shares in the last quarter. BlackRock Fund Advisors increased its stake in Chart Industries by 3.0% in the second quarter. BlackRock Fund Advisors now owns 2,080,675 shares of the company’s stock valued at $50,207,000 after buying an additional 59,715 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Chart Industries by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,392,014 shares of the company’s stock valued at $33,589,000 after buying an additional 174,348 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Chart Industries by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 750,380 shares of the company’s stock valued at $16,298,000 after buying an additional 11,228 shares in the last quarter. Finally, State Street Corp increased its stake in Chart Industries by 2.7% in the second quarter. State Street Corp now owns 638,288 shares of the company’s stock valued at $15,401,000 after buying an additional 16,884 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.
About Chart Industries
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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