Chart Industries, Inc. (NYSE:GTLS) Receives $188.75 Average Price Target from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $188.75.

Several equities research analysts recently commented on GTLS shares. BTIG Research lifted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Barclays cut 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. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC boosted its holdings in shares of Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after buying an additional 48 shares during the last quarter. MML Investors Services LLC raised its stake in Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 63 shares during the period. Blue Trust Inc. raised its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Aristeia Capital L.L.C. raised its stake in Chart Industries by 3.7% in the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 92 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in Chart Industries by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company’s stock valued at $595,000 after acquiring an additional 114 shares during the period.

Chart Industries Trading Up 1.1 %

GTLS opened at $218.41 on Thursday. The company’s 50 day moving average is $195.45 and its 200-day moving average is $154.35. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a market cap of $9.35 billion, a P/E ratio of 63.31, a PEG ratio of 0.64 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts predict that Chart Industries will post 9.02 earnings per share for the current fiscal year.

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.