Chart Industries (GTLS) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Chart Industries (NASDAQ:GTLS) from a hold rating to a sell rating in a report published on Saturday.

GTLS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Chart Industries from a buy rating to a hold rating in a report on Wednesday, January 3rd. Lake Street Capital set a $59.00 target price on shares of Chart Industries and gave the stock a buy rating in a report on Wednesday, January 3rd. Cowen set a $50.00 target price on shares of Chart Industries and gave the stock a hold rating in a report on Thursday, January 4th. Northcoast Research upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $51.00 target price on the stock in a report on Monday, October 9th. Finally, Seaport Global Securities upgraded shares of Chart Industries from a neutral rating to a buy rating and set a $58.00 target price on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $52.67.

Shares of Chart Industries (GTLS) opened at $46.61 on Friday. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $55.42. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1,430.00, a price-to-earnings ratio of -665.86, a price-to-earnings-growth ratio of 1.39 and a beta of 1.38.

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Chart Industries by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,180 shares of the industrial products company’s stock worth $95,375,000 after purchasing an additional 80,677 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Chart Industries by 176.4% during 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 purchasing an additional 924,284 shares during the period. Pzena Investment Management LLC boosted its stake in shares of Chart Industries by 2.9% during 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 purchasing an additional 37,964 shares during the period. State Street Corp boosted its stake in shares of Chart Industries by 3.9% during the 2nd quarter. State Street Corp now owns 740,294 shares of the industrial products company’s stock worth $25,707,000 after purchasing an additional 27,558 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of 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 purchasing an additional 47,728 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

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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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