Chart Industries (NYSE:GTLS) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Chart Industries (NYSE:GTLS) had its price target raised by equities researchers at The Goldman Sachs Group from $138.00 to $201.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 7.67% from the stock’s current price.

GTLS has been the subject of a number of other research reports. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research note on Monday, September 16th. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Raymond James restated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company decreased their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Three investment 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 stock. According to data from MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and an average price target of $186.17.

Chart Industries Stock Up 3.3 %

Shares of Chart Industries stock traded up $5.89 during trading hours on Friday, hitting $186.68. The company had a trading volume of 208,689 shares, compared to its average volume of 665,252. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company’s 50-day moving average is $163.23 and its two-hundred day moving average is $143.80. The company has a market cap of $7.99 billion, a P/E ratio of 54.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. Chart Industries has a twelve month low of $101.60 and a twelve month high of $204.23.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. Analysts anticipate that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries during the 3rd quarter worth $34,000. UMB Bank n.a. boosted its holdings in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares in the last quarter. Ecofi Investissements SA purchased a new stake in Chart Industries during the second quarter worth about $50,000. Mendota Financial Group LLC grew its position in Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after buying an additional 203 shares during the period. Finally, nVerses Capital LLC purchased a new position in Chart Industries in the third quarter valued at about $87,000.

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.