Chart Industries (NYSE:GTLS) Price Target Raised to $225.00

Chart Industries (NYSE:GTLS) had its target price lifted by Citigroup from $190.00 to $225.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other analysts have also recently commented on GTLS. 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. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. BTIG Research lifted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Barclays decreased their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $191.54.

Chart Industries Stock Up 0.4 %

Shares of Chart Industries stock opened at $194.59 on Thursday. The firm’s 50 day moving average price is $200.57 and its 200-day moving average price is $158.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a market cap of $8.33 billion, a P/E ratio of 56.40, a PEG ratio of 0.60 and a beta of 1.84.

Institutional Investors Weigh In On Chart Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Analysts LLC purchased a new stake in Chart Industries in the 4th quarter worth $25,000. Smartleaf Asset Management LLC grew its holdings in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries in the third quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in Chart Industries in the fourth quarter valued at about $34,000. Finally, Blue Trust Inc. lifted its position in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 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.