Chart Industries (NYSE:GTLS) Price Target Raised to $265.00 at TD Cowen

Chart Industries (NYSE:GTLS) had its price target boosted by TD Cowen from $260.00 to $265.00 in a report issued on Monday, Marketbeat.com reports. TD Cowen currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also recently weighed in on GTLS. UBS Group upgraded Chart Industries from a neutral rating to a buy rating and lifted their price target for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Wells Fargo & Company lifted 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. Finally, 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 on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of Moderate Buy and a consensus price target of $196.21.

Chart Industries Stock Down 1.1 %

GTLS stock opened at $155.22 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The firm’s fifty day simple moving average is $152.05 and its 200-day simple moving average is $136.20. Chart Industries has a 12 month low of $106.66 and a 12 month high of $184.65. The company has a market capitalization of $6.64 billion, a P/E ratio of 155.22, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73.

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

Institutional Investors Weigh In On Chart Industries

Several institutional investors have recently bought and sold shares of GTLS. Banque Cantonale Vaudoise lifted its position in shares of 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 acquiring an additional 85 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings 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 purchasing an additional 99 shares in the last quarter. State of Michigan Retirement System boosted its stake in Chart Industries by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Chart Industries by 0.3% during the first quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock worth $6,417,000 after buying an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position 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 buying an additional 104 shares during 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.