Chart Industries (GTLS) Upgraded by BidaskClub to Buy

Chart Industries (NASDAQ:GTLS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other research analysts also recently issued reports on the stock. Cowen set a $50.00 price objective on shares of Chart Industries and gave the company a “hold” rating in a research report on Thursday. Lake Street Capital set a $59.00 price objective on shares of Chart Industries and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Seaport Global Securities raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, October 27th. Finally, Northcoast Research raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Monday, October 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $52.67.

Chart Industries (NASDAQ GTLS) opened at $52.73 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1,620.00, a price-to-earnings ratio of -753.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.33. Chart Industries has a 1 year low of $32.04 and a 1 year high of $53.10.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.07. The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. equities research analysts predict that Chart Industries will post 0.84 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Barings LLC purchased a new stake in shares of Chart Industries in the 3rd quarter worth about $204,000. SG Americas Securities LLC grew its position in shares of Chart Industries by 42.7% in the 2nd quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock worth $231,000 after buying an additional 1,992 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Chart Industries in the 2nd quarter worth about $231,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Chart Industries in the 3rd quarter worth about $231,000. Finally, PEAK6 Investments L.P. purchased a new stake in shares of Chart Industries in the 3rd quarter worth about $393,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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