Chart Industries (NYSE:GTLS) Price Target Lowered to $199.00 at Stifel Nicolaus

Chart Industries (NYSE:GTLS) had its price objective decreased by Stifel Nicolaus from $220.00 to $199.00 in a research report sent to investors on Monday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

A number of other research analysts also recently commented on the company. Barclays began coverage on Chart Industries in a report on Wednesday, May 8th. They issued an equal weight rating and a $193.00 price target for the company. Bank of America increased their target price on Chart Industries from $180.00 to $185.00 and gave the company a buy rating in a research note on Monday, July 15th. Piper Sandler lifted their price target on shares of Chart Industries from $151.00 to $160.00 and gave the stock a neutral rating in a research note on Monday, May 6th. Morgan Stanley assumed coverage on shares of Chart Industries in a research note on Thursday, April 18th. They set an equal weight rating and a $200.00 price objective on the stock. Finally, TD Cowen boosted their target price on shares of Chart Industries from $260.00 to $265.00 and gave the stock a buy rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $189.31.

Chart Industries Stock Up 5.5 %

Shares of NYSE:GTLS opened at $119.27 on Monday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 119.27, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74. The company has a 50 day moving average of $147.00 and a two-hundred day moving average of $145.12. Chart Industries has a 52-week low of $109.48 and a 52-week high of $184.65. 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 released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $1.19 earnings per share. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, analysts forecast that Chart Industries will post 11.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Chart Industries by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 45,495 shares of the industrial products company’s stock worth $6,567,000 after purchasing an additional 2,593 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Chart Industries by 13.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,573 shares of the industrial products company’s stock valued at $949,000 after buying an additional 786 shares during the last quarter. Wellington Shields & Co. LLC boosted its holdings in shares of Chart Industries by 44.8% during the second quarter. Wellington Shields & Co. LLC now owns 13,336 shares of the industrial products company’s stock valued at $1,925,000 after acquiring an additional 4,126 shares during the period. ClariVest Asset Management LLC grew its position in shares of Chart Industries by 45.2% during the second quarter. ClariVest Asset Management LLC now owns 18,885 shares of the industrial products company’s stock worth $2,726,000 after acquiring an additional 5,875 shares during the last quarter. Finally, SIR Capital Management L.P. increased its holdings in shares of Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after acquiring an additional 41,626 shares during the period.

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.