Chart Industries (NYSE:GTLS) Price Target Raised to $210.00 at BTIG Research

Chart Industries (NYSE:GTLS) had its price objective raised by stock analysts at BTIG Research from $170.00 to $210.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. BTIG Research’s price target would indicate a potential upside of 3.91% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group lowered their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Bank of America reduced their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Stifel Nicolaus upped their price objective on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company dropped their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.42.

Chart Industries Stock Up 2.1 %

GTLS stock traded up $4.22 during midday trading on Monday, hitting $202.09. The company’s stock had a trading volume of 157,143 shares, compared to its average volume of 658,010. The company’s fifty day moving average price is $157.96 and its 200 day moving average price is $142.63. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries has a twelve month low of $101.60 and a twelve month high of $203.26. The stock has a market capitalization of $8.65 billion, a P/E ratio of 58.51, a PEG ratio of 1.01 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the company posted $1.28 earnings per share. As a group, equities research analysts predict that Chart Industries will post 9.03 EPS for the current year.

Institutional Investors Weigh In On Chart Industries

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after buying an additional 386,821 shares in the last quarter. Point72 Asset Management L.P. raised its position in Chart Industries by 323.0% in the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock valued at $60,067,000 after purchasing an additional 317,775 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Chart Industries by 385.3% during the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock worth $28,463,000 after purchasing an additional 156,562 shares during the last quarter. Finally, Primecap Management Co. CA bought a new position in Chart Industries in the 2nd quarter valued at approximately $14,333,000.

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.