Chart Industries (GTLS) Lowered to “Hold” at BidaskClub

Chart Industries (NASDAQ:GTLS) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other research firms also recently issued reports on GTLS. Cowen set a $50.00 price objective on Chart Industries and gave the stock a “hold” rating in a report on Thursday, January 4th. Lake Street Capital set a $59.00 price objective on Chart Industries and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Seaport Global Securities upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, October 27th. Finally, Northcoast Research upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, October 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $52.67.

Chart Industries (GTLS) opened at $52.18 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1,610.00, a price-to-earnings ratio of -745.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.33. Chart Industries has a twelve month low of $32.04 and a twelve month high of $55.42.

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

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Chart Industries by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,431,180 shares of the industrial products company’s stock valued at $95,375,000 after acquiring an additional 80,677 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Chart Industries by 176.4% during the third quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock valued at $58,297,000 after acquiring an additional 924,284 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Chart Industries by 2.9% during the third quarter. Pzena Investment Management LLC now owns 1,353,367 shares of the industrial products company’s stock valued at $53,093,000 after acquiring an additional 37,964 shares in the last quarter. State Street Corp increased 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 valued at $25,707,000 after acquiring an additional 27,558 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Chart Industries by 7.7% during the second quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after acquiring an additional 47,728 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

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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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