Chart Industries (NYSE:GTLS) Hits New 52-Week High – Time to Buy?

Chart Industries, Inc. (NYSE:GTLS)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $204.37 and last traded at $203.00, with a volume of 147463 shares. The stock had previously closed at $198.96.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research analyst reports. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. BTIG Research increased their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company lowered their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus increased their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, Bank of America lowered their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $188.75.

Chart Industries Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average of $181.04 and a two-hundred day moving average of $148.26. The company has a market capitalization of $8.63 billion, a PE ratio of 58.45, a PEG ratio of 1.01 and a beta of 1.84.

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

Hedge Funds Weigh In On Chart Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the third quarter worth about $34,000. UMB Bank n.a. lifted its holdings in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares during the period. Ecofi Investissements SA bought a new stake in shares of Chart Industries in the 2nd quarter worth approximately $50,000. Mendota Financial Group LLC increased its stake in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Chart Industries during the third quarter valued at approximately $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.