Chart Industries (NYSE:GTLS) Receives “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Chart Industries (NYSE:GTLS) in a research note issued to investors on Monday morning, Benzinga reports. Stifel Nicolaus currently has a $199.00 target price on the industrial products company’s stock.

A number of other research firms also recently weighed in on GTLS. Piper Sandler raised their price target on shares of Chart Industries from $151.00 to $160.00 and gave the company a neutral rating in a research note on Monday, May 6th. Bank of America boosted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the stock a buy rating in a research note on Monday, July 15th. The Goldman Sachs Group increased their price target on Chart Industries from $150.00 to $168.00 and gave the company a neutral rating in a research note on Tuesday, May 28th. Wells Fargo & Company lowered their target price on Chart Industries from $179.00 to $151.00 and set an overweight rating for the company in a report on Tuesday, August 6th. Finally, Evercore ISI raised Chart Industries to a strong-buy rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $187.46.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $124.05 on Monday. The company has a 50 day moving average of $138.62 and a 200-day moving average of $144.88. The company has a market cap of $5.31 billion, a PE ratio of 124.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. Chart Industries has a 1-year low of $106.88 and a 1-year high of $184.65.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $1.19 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that Chart Industries will post 11.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Chart Industries in the first quarter valued at $30,000. Spire Wealth Management lifted its stake in shares of Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Rise Advisors LLC boosted its position in shares of Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in Chart Industries during the fourth quarter worth approximately $33,000. Finally, Byrne Asset Management LLC bought a new stake in Chart Industries in the second quarter worth approximately $40,000.

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.