Chart Industries (NYSE:GTLS) Price Target Raised to $210.00 at TD Cowen

Chart Industries (NYSE:GTLS - Get Free Report) had its price target raised by equities researchers at TD Cowen from $205.00 to $210.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the industrial products company's stock. TD Cowen's target price suggests a potential upside of 46.77% from the stock's current price.

Several other equities analysts have also commented on GTLS. Stifel Nicolaus raised their price target on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. BTIG Research upped their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Barclays cut their target price on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Finally, 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. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $194.08.

Remove Ads

Chart Industries Trading Down 13.8 %

Chart Industries stock traded down $22.97 during mid-day trading on Monday, hitting $143.08. The company's stock had a trading volume of 2,608,155 shares, compared to its average volume of 728,058. 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 company has a 50 day moving average of $198.16 and a 200-day moving average of $164.38. Chart Industries has a one year low of $101.60 and a one year high of $220.03. The stock has a market cap of $6.13 billion, a PE ratio of 41.47, a P/E/G ratio of 0.57 and a beta of 1.84.

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

Institutional Investors Weigh In On Chart Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Chart Industries during the fourth quarter worth about $11,498,000. Neo Ivy Capital Management acquired a new stake in Chart Industries during the 4th quarter valued at approximately $1,783,000. Hudson Value Partners LLC acquired a new stake in shares of Chart Industries in the fourth quarter worth $1,286,000. GTS Securities LLC purchased a new position in shares of Chart Industries during the fourth quarter worth $252,000. Finally, Castleark Management LLC lifted its position in Chart Industries by 53.1% during the fourth quarter. Castleark Management LLC now owns 36,220 shares of the industrial products company's stock valued at $6,912,000 after purchasing an additional 12,560 shares during the period.

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.