Chart Industries, Inc. (NYSE:GTLS) Given Average Rating of "Moderate Buy" by Brokerages

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $191.54.

A number of equities analysts recently commented on GTLS shares. Raymond James restated a "strong-buy" rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Barclays reduced their target price on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Finally, Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Archford Capital Strategies LLC boosted its holdings in shares of Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock valued at $433,000 after buying an additional 48 shares in the last quarter. First Manhattan CO. LLC. lifted its position in Chart Industries by 3.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after acquiring an additional 54 shares during the last quarter. MML Investors Services LLC boosted its stake in Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after acquiring an additional 63 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after purchasing an additional 64 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares in the last quarter.

Chart Industries Trading Down 2.3 %

NYSE GTLS traded down $4.45 on Monday, reaching $191.14. The stock had a trading volume of 313,937 shares, compared to its average volume of 624,898. 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 stock has a fifty day moving average price of $200.72 and a two-hundred day moving average price of $159.86. Chart Industries has a 12-month low of $101.60 and a 12-month high of $220.03. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 55.40, a P/E/G ratio of 0.59 and a beta of 1.84.

Chart Industries Company Profile

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.