Chart Industries (NYSE:GTLS) PT Lowered to $220.00 at Stifel Nicolaus

Chart Industries (NYSE:GTLS) had its target price cut by research analysts at Stifel Nicolaus from $224.00 to $220.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 37.48% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley started coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target for the company. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $170.00 in a report on Tuesday, March 19th. TD Cowen upped their price target on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday. 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 research report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $196.46.

Chart Industries Trading Up 3.2 %

NYSE:GTLS traded up $5.02 during trading hours on Monday, reaching $160.02. 338,948 shares of the stock were exchanged, compared to its average volume of 611,208. Chart Industries has a twelve month low of $106.66 and a twelve month high of $184.65. The business has a 50-day moving average of $150.44 and a two-hundred day moving average of $135.83. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 159.77, a PEG ratio of 0.43 and a beta of 1.73. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million for the quarter, compared to analyst estimates of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. Chart Industries’s revenue was up 76.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 EPS. On average, equities analysts predict that Chart Industries will post 11.98 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Banque Cantonale Vaudoise grew its holdings in Chart Industries by 5.1% in the first quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 85 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in Chart Industries by 4.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock valued at $301,000 after acquiring an additional 99 shares during the last quarter. State of Michigan Retirement System raised its position in Chart Industries by 1.0% during the fourth quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 100 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Chart Industries by 0.3% in the first quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock valued at $6,417,000 after purchasing an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Chart Industries by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock valued at $1,566,000 after purchasing an additional 104 shares in the last quarter.

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.