Chart Industries, Inc. (NYSE:GTLS) Receives $178.82 Consensus Price Target from Analysts

Chart Industries, Inc. (NYSE:GTLS) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $178.82.

GTLS has been the topic of several analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Barclays decreased their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company cut their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group decreased their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Stifel Nicolaus upped their target price on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Chart Industries Trading Down 0.1 %

Shares of GTLS opened at $190.47 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries has a 1-year low of $101.60 and a 1-year high of $196.91. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 55.37, a price-to-earnings-growth ratio of 0.99 and a beta of 1.86. The firm has a 50 day simple moving average of $149.28 and a 200-day simple moving average of $141.10.

Chart Industries (NYSE:GTLS) last released its quarterly 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted $1.28 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that Chart Industries will post 9.03 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other news, Director Paul E. Mahoney bought 500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. This trade represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty purchased 1,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $113.50 per share, with a total value of $113,500.00. Following the completion of the acquisition, the director now owns 10,640 shares in the company, valued at approximately $1,207,640. This represents a 10.37 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 6,712 shares of company stock worth $431,982. 0.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Chart Industries

Large investors have recently modified their holdings of the business. Retirement Systems of Alabama boosted its holdings in Chart Industries by 0.9% in the third quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company’s stock valued at $14,256,000 after purchasing an additional 996 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at approximately $251,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Chart Industries by 7.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,785 shares of the industrial products company’s stock valued at $3,822,000 after purchasing an additional 2,211 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares during the last quarter. Finally, Bullseye Asset Management LLC acquired a new stake in shares of Chart Industries during the third quarter worth approximately $270,000.

Chart Industries Company Profile

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.