Gabelli began coverage on shares of Chart Industries Inc. (NASDAQ:GTLS) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $51.00 price target on the stock. Gabelli’s price target points to a potential upside of 53.66% from the stock’s previous close.
A number of other brokerages have also recently weighed in on GTLS. Zacks Investment Research cut Chart Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Evercore ISI cut Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.44.
Chart Industries (NASDAQ:GTLS) opened at 33.19 on Tuesday. The firm has a 50-day moving average of $31.44 and a 200-day moving average of $27.03. Chart Industries has a 52-week low of $13.27 and a 52-week high of $34.06. The firm’s market cap is $1.02 billion.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.60. The firm earned $247.10 million during the quarter, compared to analysts’ expectations of $222.95 million. Chart Industries had a positive return on equity of 4.55% and a negative net margin of 21.63%. Chart Industries’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. Equities analysts anticipate that Chart Industries will post $0.84 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its stake in Chart Industries by 267.4% in the first quarter. Barclays PLC now owns 29,476 shares of the company’s stock worth $619,000 after buying an additional 21,454 shares in the last quarter. A.R.T. Advisors LLC boosted its stake in Chart Industries by 669.3% in the first quarter. A.R.T. Advisors LLC now owns 99,654 shares of the company’s stock worth $2,164,000 after buying an additional 86,700 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Chart Industries during the first quarter worth approximately $3,137,000. Bayesian Capital Management LP bought a new stake in Chart Industries during the first quarter worth approximately $226,000. Finally, HBK Investments L P bought a new stake in Chart Industries during the first quarter worth approximately $426,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.
Chart Industries Company Profile
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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