Chart Industries (NYSE:GTLS) Price Target Raised to $165.00

Chart Industries (NYSE:GTLS) had its price target raised by equities research analysts at Barclays from $145.00 to $165.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target points to a potential upside of 0.63% from the company’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company dropped their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup raised their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Trading Down 13.9 %

Shares of NYSE:GTLS opened at $163.97 on Tuesday. The company has a 50 day moving average of $199.18 and a 200-day moving average of $164.01. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.02 billion, a P/E ratio of 47.53, a P/E/G ratio of 0.57 and a beta of 1.84. Chart Industries has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $2.25 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts anticipate that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Chart Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock valued at $820,115,000 after buying an additional 59,889 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Chart Industries by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company’s stock valued at $307,046,000 after purchasing an additional 35,004 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after purchasing an additional 291,520 shares during the period. King Luther Capital Management Corp lifted its position in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares during the period.

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.