Chart Industries Given New $100.00 Price Target at Johnson Rice (GTLS)

Posted by on Aug 2nd, 2013

Analysts at Johnson Rice boosted their target price on shares of Chart Industries (NASDAQ:GTLS) from $90.00 to $100.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Johnson Rice’s target price would indicate a potential downside of 12.77% from the stock’s previous close.

Shares of Chart Industries (NASDAQ:GTLS) traded up 0.75% during mid-day trading on Thursday, hitting $115.505. Chart Industries has a 52 week low of $55.89 and a 52 week high of $117.25. The stock’s 50-day moving average is currently $99.46. The company has a market cap of $3.505 billion and a P/E ratio of 46.83.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.01. The company had revenue of $298.30 million for the quarter, compared to the consensus estimate of $296.90 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Analysts expect that Chart Industries will post $3.19 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Chart Industries from $95.00 to $127.00 in a research note to investors on Wednesday, July 31st. They now have an “overweight” rating on the stock. Separately, analysts at Craig Hallum raised their price target on shares of Chart Industries to $150.00 in a research note to investors on Wednesday, July 31st. Finally, analysts at Morgan Stanley downgraded shares of Chart Industries from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, July 31st. They now have a $120.00 price target on the stock, up previously from $110.00. They noted that the move was a valuation call.

Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Chart Industries has an average rating of “Hold” and an average target price of $114.67.

Chart Industries, Inc (NASDAQ:GTLS) is a holding company.