Chart Industries (GTLS) is Upgraded by Lake Street to Buy, Raises Price Target to $ 34

Chart Industries (GTLS) was Upgraded by Lake Street to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $19 . Earlier the firm had a rating of “Hold ” on the company shares. Lake Street advised their investors in a research report released on Apr 29, 2016.

On the company’s financial health, Chart Industries reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.02. The company had revenue of $260.76 million for the quarter, compared to analysts expectations of $225.75 million. The company’s revenue was down -20.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 EPS.

Chart Industries closed down -0.21 points or -0.85% at $24.6 with 4,12,448 shares getting traded on Wednesday. Post opening the session at $24.79, the shares hit an intraday low of $24.53 and an intraday high of $24.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 4, 2015, Terrence J Keating (director) purchased 1,000 shares at $18.92 per share price.

Chart Industries Inc. (Chart) is a diversified manufacturer of engineered equipment 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: Energy & Chemicals (E&C) Distribution & Storage (D&S) and BioMedical. Its products include vacuum insulated containment vessels heat exchangers cold boxes and other cryogenic components. Its E&C and D&S segments manufacture products used in energy-related and industrial applications such as the separation liquefaction distribution and storage of hydrocarbon and industrial gases. Through its BioMedical segment it supplies cryogenic and other equipment used in the medical biological research and animal breeding industries. The Company through Thermax Inc. provides cryogenic fluid vaporizers utilized in industrial gas petro-chemical and liquefied natural gas applications.

Chart Industries

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