Stifel Nicolaus Trims Chart Industries (NYSE:GTLS) Target Price to $220.00

Chart Industries (NYSE:GTLS) had its price objective trimmed by Stifel Nicolaus from $224.00 to $220.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other analysts also recently commented on GTLS. TD Cowen boosted their price objective on Chart Industries from $260.00 to $265.00 and gave the stock a buy rating in a research note on Monday. UBS Group raised shares of Chart Industries from a neutral rating to a buy rating and upped their price target for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. Piper Sandler raised their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the company a neutral rating in a research report on Monday. 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 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an overweight rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $196.21.

Chart Industries Stock Down 2.3 %

Chart Industries stock opened at $156.88 on Monday. The company’s 50-day moving average price is $151.80 and its two-hundred day moving average price is $136.07. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 156.88, a PEG ratio of 0.43 and a beta of 1.73. Chart Industries has a 52 week low of $106.66 and a 52 week high of $184.65. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The company had revenue of $950.70 million for the quarter, compared to analyst estimates of $970.91 million. During the same quarter in the prior year, the business earned $1.41 EPS. Chart Industries’s revenue was up 76.7% compared to the same quarter last year. On average, analysts expect that Chart Industries will post 11.98 EPS for the current fiscal year.

Institutional Trading of Chart Industries

Several large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Chart Industries during the fourth quarter valued at $57,415,000. Federated Hermes Inc. grew its stake in Chart Industries by 83.9% during the 3rd quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock valued at $100,159,000 after acquiring an additional 270,133 shares in the last quarter. DAVENPORT & Co LLC purchased a new position in Chart Industries during the 1st quarter valued at about $42,507,000. Gates Capital Management Inc. increased its holdings in shares of Chart Industries by 50.5% in the 4th quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock valued at $92,323,000 after purchasing an additional 227,280 shares during the period. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Chart Industries in the fourth quarter worth approximately $27,672,000.

About Chart Industries

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.