The Goldman Sachs Group Raises Chart Industries (NYSE:GTLS) Price Target to $201.00

Chart Industries (NYSE:GTLS) had its price objective increased by The Goldman Sachs Group from $138.00 to $201.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 8.75% from the company’s previous close.

GTLS has been the topic of several other research reports. Wells Fargo & Company cut their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. BTIG Research upped their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus upped their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $186.17.

Chart Industries Stock Up 2.2 %

NYSE GTLS opened at $184.83 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $204.23. The business has a 50 day moving average price of $164.38 and a two-hundred day moving average price of $144.04. The stock has a market cap of $7.91 billion, a PE ratio of 53.57, a P/E/G ratio of 1.01 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $1.28 earnings per share. Chart Industries’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, sell-side analysts predict that Chart Industries will post 9.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently made changes to their positions in GTLS. EFG Asset Management North America Corp. grew its stake in Chart Industries by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after buying an additional 63 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Chart Industries by 3.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 64 shares during the last quarter. Arizona State Retirement System boosted its stake in Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock valued at $1,708,000 after purchasing an additional 87 shares during the period. Finally, Aristeia Capital L.L.C. grew its position in Chart Industries by 3.7% in the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 92 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.