Chart Industries, Inc. (NYSE:GTLS) Receives $197.92 Average Price Target from Brokerages

Chart Industries, Inc. (NYSE:GTLS) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $199.92.

Several analysts recently commented on GTLS shares. Piper Sandler upped their price target on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Barclays started coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, Stifel Nicolaus cut their price objective on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th.

Chart Industries Trading Up 2.7 %

Shares of Chart Industries stock opened at $155.47 on Friday. The company has a fifty day simple moving average of $148.62 and a 200-day simple moving average of $142.75. Chart Industries has a 12-month low of $109.48 and a 12-month high of $184.65. 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 stock has a market cap of $6.65 billion, a price-to-earnings ratio of 155.47, a PEG ratio of 0.42 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last released 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). 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 during the quarter, compared to analysts’ expectations of $970.91 million. During the same quarter last year, the company earned $1.41 EPS. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. On average, equities analysts forecast that Chart Industries will post 11.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

A number of large investors have recently made changes to their positions in the stock. Beech Hill Advisors Inc. increased its holdings in shares of Chart Industries by 1.3% in the 2nd quarter. Beech Hill Advisors Inc. now owns 21,405 shares of the industrial products company’s stock valued at $3,090,000 after purchasing an additional 275 shares in the last quarter. Register Financial Advisors LLC increased its holdings in shares of Chart Industries by 1.6% in the 2nd quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock valued at $918,000 after purchasing an additional 100 shares in the last quarter. Bourgeon Capital Management LLC increased its holdings in shares of Chart Industries by 3.2% in the 2nd quarter. Bourgeon Capital Management LLC now owns 14,127 shares of the industrial products company’s stock valued at $2,039,000 after purchasing an additional 435 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Chart Industries by 21.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,173 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 748 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Chart Industries by 4.7% in the 2nd quarter. CWM LLC now owns 19,901 shares of the industrial products company’s stock valued at $2,873,000 after purchasing an additional 888 shares in the last quarter.

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.