Chart Industries (GTLS) Raised to “Outperform” at Evercore ISI

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Chart Industries (NASDAQ:GTLS) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Sunday. The firm presently has a $63.56 price objective on the industrial products company’s stock. Evercore ISI’s target price suggests a potential upside of 5.46% from the company’s current price.

Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $73.26.

Shares of NASDAQ:GTLS traded down $0.62 during midday trading on Friday, hitting $60.27. 293,315 shares of the company’s stock traded hands, compared to its average volume of 262,757. The company has a current ratio of 2.13, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 1.02 and a beta of 1.27. Chart Industries has a twelve month low of $43.50 and a twelve month high of $80.31.

Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, October 18th. The industrial products company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.19. The business had revenue of $272.20 million for the quarter, compared to analyst estimates of $314.52 million. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The business’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. On average, analysts predict that Chart Industries will post 2.04 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co. NY lifted its holdings in Chart Industries by 7.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 9,941 shares of the industrial products company’s stock worth $613,000 after buying an additional 674 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Chart Industries by 12.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,400 shares of the industrial products company’s stock worth $580,000 after buying an additional 848 shares in the last quarter. United Services Automobile Association lifted its holdings in Chart Industries by 1.1% in the 3rd quarter. United Services Automobile Association now owns 92,087 shares of the industrial products company’s stock worth $7,213,000 after buying an additional 1,034 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in Chart Industries by 8.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 14,133 shares of the industrial products company’s stock worth $872,000 after buying an additional 1,133 shares in the last quarter. Finally, Scout Investments Inc. lifted its holdings in Chart Industries by 2.2% in the 3rd quarter. Scout Investments Inc. now owns 53,873 shares of the industrial products company’s stock worth $4,220,000 after buying an additional 1,166 shares in the last quarter.

Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.

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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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