Chart Industries (NYSE:GTLS) Price Target Raised to $210.00

Chart Industries (NYSE:GTLS) had its target price boosted by JPMorgan Chase & Co. from $194.00 to $210.00 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Several other research analysts have also recently issued reports on the company. Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Hsbc Global Res upgraded Chart Industries to a “hold” rating in a research report on Wednesday, July 30th. UBS Group restated a “neutral” rating and issued a $210.00 price target (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Seaport Res Ptn cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, TD Cowen cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $205.21.

Chart Industries Trading Up 0.2%

NYSE:GTLS opened at $199.69 on Wednesday. The stock has a fifty day moving average price of $199.63 and a two-hundred day moving average price of $176.32. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 243.52, a PEG ratio of 1.15 and a beta of 1.71. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.40. Chart Industries has a 1 year low of $104.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.24). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 EPS. As a group, sell-side analysts anticipate that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Chart Industries by 118.6% during the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 689 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Chart Industries by 0.9% during the first quarter. New York State Teachers Retirement System now owns 39,314 shares of the industrial products company’s stock valued at $5,675,000 after acquiring an additional 343 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Chart Industries by 35.7% during the first quarter. Keybank National Association OH now owns 334,919 shares of the industrial products company’s stock valued at $48,349,000 after acquiring an additional 88,185 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Chart Industries by 39.0% during the first quarter. WCM Investment Management LLC now owns 118,454 shares of the industrial products company’s stock valued at $17,444,000 after acquiring an additional 33,249 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. boosted its stake in shares of Chart Industries by 53.4% during the first quarter. Hudson Edge Investment Partners Inc. now owns 6,339 shares of the industrial products company’s stock valued at $915,000 after acquiring an additional 2,208 shares during the last quarter.

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.