Chart Industries, Inc. (NYSE:GTLS) Receives $194.85 Consensus Target Price from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $194.85.

GTLS has been the topic of several recent research reports. Raymond James upgraded Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target on the stock in a report on Thursday, January 4th. TD Cowen lifted their price target on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th.

Institutional Trading of Chart Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in GTLS. Allspring Global Investments Holdings LLC acquired a new stake in Chart Industries in the first quarter valued at $30,000. Spire Wealth Management lifted its stake in 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 last quarter. Cape Investment Advisory Inc. bought a new position in Chart Industries during the fourth quarter worth about $33,000. Rise Advisors LLC increased its position in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC raised its stake in Chart Industries by 645.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock valued at $39,000 after buying an additional 200 shares during the period.

Chart Industries Stock Performance

Chart Industries stock opened at $152.00 on Tuesday. Chart Industries has a 12-month low of $106.66 and a 12-month high of $184.65. The stock has a 50-day simple moving average of $148.07 and a 200 day simple moving average of $136.67. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 400.00, a P/E/G ratio of 0.42 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. Chart Industries’s quarterly revenue was up 130.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 earnings per share. On average, research analysts anticipate that Chart Industries will post 11.98 earnings per share for the current fiscal year.

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.