Analysts Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $195.83

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $194.46.

Several analysts have commented on GTLS shares. Piper Sandler raised their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Barclays began coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price target for the company. Bank of America lifted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Craig Hallum cut their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday. Finally, Stifel Nicolaus cut their price objective on shares of Chart Industries from $220.00 to $199.00 and set a “buy” rating for the company in a research report on Monday.

Chart Industries Stock Performance

NYSE:GTLS opened at $115.92 on Thursday. The stock has a 50 day simple moving average of $149.13 and a 200 day simple moving average of $145.55. Chart Industries has a 1-year low of $109.48 and a 1-year 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 $4.96 billion, a P/E ratio of 115.92, a PEG ratio of 0.44 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. Research analysts anticipate that Chart Industries will post 11.56 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors increased its position in shares of Chart Industries by 0.4% during the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock valued at $679,814,000 after purchasing an additional 17,450 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Chart Industries by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after acquiring an additional 45,137 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares during the period. King Luther Capital Management Corp raised its position in Chart Industries by 8.6% in the 4th quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company’s stock worth $126,819,000 after purchasing an additional 73,586 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Chart Industries by 10.7% in the second quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock worth $111,209,000 after purchasing an additional 74,519 shares during 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.