Chart Industries, Inc. (NYSE:GTLS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Chart Industries, Inc. (NYSE:GTLS) has received an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $191.54.

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Craig Hallum lifted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, Citigroup lifted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday.

Chart Industries Trading Up 0.4 %

Shares of GTLS stock opened at $194.59 on Monday. The firm has a 50 day moving average price of $200.57 and a two-hundred day moving average price of $158.82. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $8.33 billion, a PE ratio of 56.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84. Chart Industries has a 12-month low of $101.60 and a 12-month high of $220.03.

Institutional Trading of Chart Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of Chart Industries by 244.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,464 shares of the industrial products company’s stock worth $1,233,000 after buying an additional 4,589 shares during the last quarter. Castalian Partners LLC bought a new stake in shares of Chart Industries during the fourth quarter worth $954,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Chart Industries during the fourth quarter worth $202,000. Northern Trust Corp grew its stake in shares of Chart Industries by 23.4% during the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company’s stock worth $122,051,000 after buying an additional 121,259 shares during the last quarter. Finally, Engaged Capital LLC bought a new stake in shares of Chart Industries during the fourth quarter worth $42,900,000.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.