Brokerages Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $204.10

Shares of Chart Industries, Inc. (NYSE:GTLS) have earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $204.10.

Several research analysts have recently issued reports on GTLS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Friday. Zacks Research lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th.

Institutional Trading of Chart Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. PACK Private Wealth LLC acquired a new stake in Chart Industries in the third quarter valued at $2,342,000. Angelo Gordon & CO. L.P. acquired a new position in Chart Industries during the 3rd quarter worth about $2,602,000. Atlantic Investment Management Inc. lifted its holdings in Chart Industries by 33.7% during the 2nd quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock worth $45,229,000 after buying an additional 69,300 shares during the period. Magnetar Financial LLC grew its position in shares of Chart Industries by 23.3% in the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock valued at $76,473,000 after buying an additional 72,078 shares during the last quarter. Finally, New York Life Investment Management LLC grew its position in shares of Chart Industries by 881.1% in the 3rd quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock valued at $9,379,000 after buying an additional 42,082 shares during the last quarter.

Chart Industries Trading Up 0.0%

GTLS opened at $206.73 on Tuesday. The company’s 50 day moving average is $207.16 and its 200-day moving average is $204.38. Chart Industries has a 1-year low of $104.60 and a 1-year high of $208.24. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The company has a market cap of $9.90 billion, a P/E ratio of 795.13, a PEG ratio of 0.81 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.Chart Industries’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 earnings per share. Equities research analysts predict that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.