BidaskClub lowered shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a hold rating in a research note published on Friday morning.

GTLS has been the subject of a number of other research reports. Cowen reiterated a hold rating and set a $40.00 price target on shares of Chart Industries in a research report on Sunday, October 22nd. Zacks Investment Research upgraded Chart Industries from a hold rating to a strong-buy rating and set a $50.00 price target for the company in a research report on Wednesday, November 1st. Lake Street Capital boosted their price target on Chart Industries from $48.00 to $55.00 and gave the stock a buy rating in a research report on Friday, October 27th. Johnson Rice reiterated a buy rating and set a $48.00 price target (up previously from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Finally, Northcoast Research upgraded Chart Industries from a neutral rating to a buy rating and set a $51.00 price target for the company in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $52.67.

Chart Industries (GTLS) traded up $0.95 during trading hours on Friday, reaching $53.13. The company had a trading volume of 298,061 shares, compared to its average volume of 263,984. Chart Industries has a twelve month low of $32.04 and a twelve month high of $55.42. The firm has a market cap of $1,660.00, a price-to-earnings ratio of -759.00, a P/E/G ratio of 1.49 and a beta of 1.33. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.42.

Chart Industries (NASDAQ:GTLS) last released 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. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The business had revenue of $240.50 million during the quarter, compared to analyst estimates of $235.96 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. sell-side analysts forecast that Chart Industries will post 0.84 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its position in Chart Industries by 7.7% during the 2nd quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock worth $23,178,000 after acquiring an additional 47,728 shares during the period. Pzena Investment Management LLC raised its stake in shares of Chart Industries by 2.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,353,367 shares of the industrial products company’s stock worth $53,093,000 after buying an additional 37,964 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Chart Industries by 176.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock worth $58,297,000 after buying an additional 924,284 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Chart Industries in the 3rd quarter worth $13,381,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Chart Industries by 3.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 223,179 shares of the industrial products company’s stock worth $7,752,000 after buying an additional 6,892 shares in the last quarter. 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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