Brokerages Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $191.54

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $191.54.

A number of research firms have recently issued reports on GTLS. Citigroup upped their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Craig Hallum upped their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays dropped their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report 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 report on Monday, December 2nd.

Chart Industries Stock Performance

NYSE:GTLS opened at $181.86 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company has a fifty day moving average of $200.26 and a two-hundred day moving average of $161.14. The stock has a market capitalization of $7.79 billion, a PE ratio of 52.71, a P/E/G ratio of 0.57 and a beta of 1.84. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds have recently modified their holdings of the company. National Bank of Canada FI boosted its stake in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after buying an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after buying an additional 15,862 shares during the period. Fisher Asset Management LLC boosted its stake in Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after buying an additional 2,000 shares during the period. Finally, Blueshift Asset Management LLC purchased a new position in Chart Industries during the third quarter worth about $373,000.

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.