Chart Industries (NYSE:GTLS) Price Target Raised to $165.00

Chart Industries (NYSE:GTLS) had its target price raised by Barclays from $145.00 to $165.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

Several other analysts also recently issued reports on GTLS. Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday. BTIG Research raised their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Craig Hallum boosted their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report 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 report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Stock Up 2.1 %

Shares of NYSE GTLS opened at $166.99 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market cap of $7.15 billion, a P/E ratio of 48.40, a PEG ratio of 0.57 and a beta of 1.84. Chart Industries has a 1 year low of $101.60 and a 1 year high of $220.03. The firm has a 50-day simple moving average of $198.68 and a two-hundred day simple moving average of $164.37.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. Research analysts anticipate that Chart Industries will post 9.02 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

Hedge funds have recently made changes to their positions in the stock. Capital Analysts LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth $34,000. Blue Trust Inc. lifted its stake in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 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.