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

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

Several other equities analysts have also weighed in on GTLS. Craig Hallum raised their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Barclays reduced their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Finally, Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Trading Down 0.5 %

Chart Industries stock 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 quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market cap of $8.13 billion, a P/E ratio of 55.04, a P/E/G ratio of 1.01 and a beta of 1.86. The company’s fifty day simple moving average is $176.36 and its 200-day simple moving average is $146.93.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Chart Industries will post 9.03 EPS for the current fiscal year.

Institutional Trading of Chart Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. Dimensional Fund Advisors LP lifted 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 during the last quarter. Point72 Asset Management L.P. raised its stake in Chart Industries by 323.0% during the 2nd 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 holdings in Chart Industries by 90.9% in the 3rd 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 during the period. Driehaus Capital Management LLC boosted its holdings in Chart Industries by 385.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after purchasing an additional 156,562 shares during the period. Finally, Primecap Management Co. CA acquired a new stake in Chart Industries in the 2nd quarter worth $14,333,000.

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.