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

Chart Industries (NYSE:GTLS - Get Free Report) had its target price hoisted by investment analysts at The Goldman Sachs Group from $138.00 to $201.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. The Goldman Sachs Group's price objective points to a potential upside of 8.75% from the company's previous close.

Several other research firms have also issued reports on GTLS. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Raymond James reiterated a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus raised their target price on Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.17.

Chart Industries Trading Up 2.2 %

Shares of GTLS traded up $4.04 during trading hours on Friday, reaching $184.83. 1,436,109 shares of the company traded hands, compared to its average volume of 670,391. Chart Industries has a 12 month low of $101.60 and a 12 month high of $204.23. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The company's fifty day moving average price is $163.23 and its two-hundred day moving average price is $143.80. 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 (NYSE:GTLS - Get Free Report) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm's revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 EPS. Equities research analysts predict that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI increased its holdings in shares of Chart Industries by 328.7% in the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company's stock worth $839,000 after purchasing an additional 5,181 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock worth $2,744,000 after acquiring an additional 15,862 shares in the last quarter. SIR Capital Management L.P. raised its holdings in shares of Chart Industries by 74.7% during 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 in the last quarter. Fisher Asset Management LLC boosted its position in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after acquiring an additional 13,181 shares during the last quarter. Finally, Premier Fund Managers Ltd purchased a new position in shares of Chart Industries in the third quarter valued at $733,000.

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.