Chart Industries (NYSE:GTLS) Price Target Raised to $231.00

Chart Industries (NYSE:GTLS) had its target price boosted by Stifel Nicolaus from $200.00 to $231.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other research firms also recently commented on GTLS. Wells Fargo & Company dropped their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Bank of America dropped their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Craig Hallum increased their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays dropped their price objective 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. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $189.88 on Tuesday. Chart Industries has a 12-month low of $101.60 and a 12-month high of $204.23. The company has a market cap of $8.13 billion, a PE ratio of 55.04, a P/E/G ratio of 1.01 and a beta of 1.86. The stock has a 50 day simple moving average of $176.36 and a 200-day simple moving average of $146.93. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Institutional Trading of Chart Industries

Several institutional investors and hedge funds have recently bought and sold shares of GTLS. Ashton Thomas Securities LLC acquired a new stake in Chart Industries during the 3rd quarter valued at $34,000. UMB Bank n.a. grew its holdings in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares in the last quarter. Ecofi Investissements SA acquired a new position in Chart Industries during the second quarter valued at $50,000. Mendota Financial Group LLC lifted its stake in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Chart Industries during the 3rd quarter worth about $87,000.

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.