Chart Industries (NYSE:GTLS) Stock Price Expected to Rise, BTIG Research Analyst Says

Chart Industries (NYSE:GTLS) had its price objective boosted by BTIG Research from $170.00 to $210.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

GTLS has been the topic of a number of other reports. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Raymond James reissued a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Finally, Wells Fargo & Company lowered their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average target price of $181.42.

Chart Industries Trading Down 5.9 %

NYSE:GTLS opened at $184.96 on Monday. The stock has a fifty day moving average price of $162.11 and a 200 day moving average price of $143.54. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries has a 12-month low of $101.60 and a 12-month high of $204.23. The firm has a market cap of $7.92 billion, a PE ratio of 53.61, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Sell-side analysts anticipate that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. grew its stake in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after purchasing an additional 15,862 shares during the last quarter. Retirement Systems of Alabama increased its stake in Chart Industries by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company’s stock valued at $14,256,000 after buying an additional 996 shares during the period. Virtu Financial LLC purchased a new position in Chart Industries during the 3rd quarter worth $251,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Chart Industries by 7.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,785 shares of the industrial products company’s stock worth $3,822,000 after acquiring an additional 2,211 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after acquiring an additional 19,534 shares in 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.