TD Cowen Increases Chart Industries (NYSE:GTLS) Price Target to $265.00

Chart Industries (NYSE:GTLS) had its price objective raised by stock analysts at TD Cowen from $260.00 to $265.00 in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the industrial products company’s stock. TD Cowen’s target price points to a potential upside of 65.32% from the company’s previous close.

GTLS has been the subject of several other reports. Morgan Stanley started coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price for the company. Wells Fargo & Company raised their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.46.

Chart Industries Stock Performance

NYSE:GTLS opened at $160.30 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average price of $151.62 and a two-hundred day moving average price of $135.92. Chart Industries has a twelve month low of $106.66 and a twelve month high of $184.65. The company has a market capitalization of $6.74 billion, a P/E ratio of 160.30, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $970.91 million. During the same quarter last year, the business posted $1.41 earnings per share. The business’s revenue was up 76.7% compared to the same quarter last year. As a group, research analysts expect that Chart Industries will post 11.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries in the first quarter worth approximately $30,000. Cape Investment Advisory Inc. acquired a new stake in shares of Chart Industries in the fourth quarter worth approximately $33,000. Rise Advisors LLC boosted its position in shares of Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Spire Wealth Management boosted its position in shares of Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Chart Industries in the fourth quarter valued at approximately $77,000.

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.