Chart Industries, Inc. (NYSE:GTLS) Receives $197.92 Average PT from Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $197.92.

A number of research firms have recently issued reports on GTLS. UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Piper Sandler raised their price objective on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Barclays began coverage on shares of Chart Industries in a report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price objective for the company. Morgan Stanley initiated coverage on Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price for the company. Finally, TD Cowen upped their target price on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a report on Monday, May 6th.

Hedge Funds Weigh In On Chart Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries during the first quarter worth about $30,000. Spire Wealth Management grew its stake in shares of Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Rise Advisors LLC increased its holdings in shares of Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Cape Investment Advisory Inc. bought a new stake in Chart Industries during the fourth quarter worth approximately $33,000. Finally, Covestor Ltd raised its stake in shares of Chart Industries by 509.8% in the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 311 shares during the period.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $151.44 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. Chart Industries has a 12 month low of $109.48 and a 12 month high of $184.65. The firm’s fifty day simple moving average is $148.61 and its 200-day simple moving average is $142.57. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 151.44, a PEG ratio of 0.39 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. Chart Industries’s revenue was up 76.7% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. As a group, equities analysts forecast that Chart Industries will post 11.94 earnings per share for the current year.

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.