Chart Industries (NASDAQ:GTLS) Earns Buy Rating from Analysts at BofA Securities

BofA Securities assumed coverage on shares of Chart Industries (NASDAQ:GTLS) in a research note issued to investors on Monday, Briefing.com reports. The firm issued a buy rating and a $86.00 target price on the industrial products company’s stock.

Other equities analysts have also issued reports about the company. Craig Hallum increased their price target on Chart Industries from $77.00 to $85.00 and gave the company a buy rating in a research note on Wednesday, August 26th. Citigroup increased their price target on Chart Industries from $50.00 to $77.00 and gave the company a buy rating in a research note on Monday, July 27th. Stifel Nicolaus increased their price target on Chart Industries from $80.00 to $85.00 and gave the company a buy rating in a research note on Thursday, August 20th. BidaskClub lowered Chart Industries from a buy rating to a hold rating in a research note on Thursday, September 3rd. Finally, Evercore ISI raised Chart Industries from an in-line rating to an outperform rating and set a $62.00 price target for the company in a research note on Monday, June 29th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $80.00.

GTLS opened at $70.51 on Monday. Chart Industries has a 12 month low of $15.00 and a 12 month high of $77.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.90 and a quick ratio of 1.21. The stock has a market cap of $2.54 billion, a P/E ratio of 42.48 and a beta of 1.81. The stock’s 50 day moving average price is $69.76 and its 200 day moving average price is $46.66.

Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.39 by $0.24. Chart Industries had a return on equity of 7.92% and a net margin of 4.48%. The firm had revenue of $310.40 million for the quarter, compared to analysts’ expectations of $290.61 million. During the same period last year, the firm earned $0.68 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Chart Industries will post 2.57 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC lifted its holdings in shares of Chart Industries by 164.1% in the second quarter. Driehaus Capital Management LLC now owns 484,338 shares of the industrial products company’s stock valued at $23,486,000 after purchasing an additional 300,973 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of Chart Industries by 26.4% in the second quarter. Gradient Investments LLC now owns 107,810 shares of the industrial products company’s stock valued at $5,228,000 after purchasing an additional 22,517 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Chart Industries in the second quarter valued at $2,711,000. Two Sigma Advisers LP lifted its holdings in shares of Chart Industries by 29.3% in the first quarter. Two Sigma Advisers LP now owns 62,200 shares of the industrial products company’s stock valued at $1,803,000 after purchasing an additional 14,100 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Chart Industries by 20.7% in the first quarter. Morgan Stanley now owns 464,030 shares of the industrial products company’s stock valued at $13,447,000 after purchasing an additional 79,671 shares in the last quarter.

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.

Further Reading: The components of the Stochastic Momentum Index

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.