Chart Industries (NYSE:GTLS - Get Free Report) had its price objective hoisted by stock analysts at BTIG Research from $170.00 to $210.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. BTIG Research's price target would suggest a potential upside of 3.78% from the company's previous close.
A number of other brokerages have also issued reports on GTLS. Morgan Stanley raised Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Wells Fargo & Company cut their target price on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group dropped their price target on Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus lifted their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Barclays reduced their price objective on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $181.42.
Read Our Latest Report on GTLS
Chart Industries Price Performance
Shares of GTLS stock traded up $4.48 during mid-day trading on Monday, reaching $202.35. The company's stock had a trading volume of 1,325,101 shares, compared to its average volume of 662,933. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm's 50-day moving average is $157.96 and its two-hundred day moving average is $142.63. Chart Industries has a 1-year low of $101.60 and a 1-year high of $204.23. The company has a market cap of $8.66 billion, a P/E ratio of 58.51, a PEG ratio of 1.01 and a beta of 1.86.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $1.28 EPS. The firm's revenue was up 18.3% compared to the same quarter last year. On average, research analysts predict that Chart Industries will post 9.03 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EFG Asset Management North America Corp. boosted its stake in shares of Chart Industries by 0.5% in 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 grew its stake in 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 valued at $245,000 after purchasing an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Chart Industries by 3.5% during 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 raised its stake in shares of 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 worth $1,708,000 after purchasing an additional 87 shares during the period. Finally, Aristeia Capital L.L.C. boosted its holdings in shares of 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 buying an additional 92 shares during the last quarter.
About Chart Industries
(
Get Free Report)
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.
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