Chart Industries (NASDAQ:GTLS) Rating Lowered to Sell at BidaskClub

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Chart Industries (NASDAQ:GTLS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, BidAskClub reports.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Morgan Stanley upped their price objective on shares of General Mills from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 27th. Finally, ValuEngine upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $87.71.

Shares of NASDAQ:GTLS opened at $74.01 on Friday. The firm has a 50 day moving average price of $75.40. The firm has a market cap of $2.65 billion, a PE ratio of 32.32 and a beta of 1.10. The company has a quick ratio of 0.71, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. Chart Industries has a 12 month low of $57.88 and a 12 month high of $95.66.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, April 18th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $289.30 million during the quarter, compared to analyst estimates of $290.33 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. Chart Industries’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, sell-side analysts forecast that Chart Industries will post 2.98 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in Chart Industries by 416.9% during the 1st quarter. Quadrant Capital Group LLC now owns 336 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 271 shares in the last quarter. Parallel Advisors LLC bought a new stake in Chart Industries during the 1st quarter worth approximately $29,000. Manchester Capital Management LLC bought a new stake in Chart Industries during the 1st quarter worth approximately $110,000. Advisors Preferred LLC bought a new stake in Chart Industries during the 1st quarter worth approximately $115,000. Finally, Strs Ohio bought a new stake in Chart Industries during the 1st quarter worth approximately $199,000.

Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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