Craig Hallum Forecasts Strong Price Appreciation for Chart Industries (NYSE:GTLS) Stock

Chart Industries (NYSE:GTLS - Free Report) had its price target lifted by Craig Hallum from $199.00 to $207.00 in a research note published on Monday, Benzinga reports. Craig Hallum currently has a buy rating on the industrial products company's stock.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus increased their target price on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company cut their price objective on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a research report on Monday, August 5th. The Goldman Sachs Group cut their price target on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Finally, Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Chart Industries presently has a consensus rating of "Moderate Buy" and an average target price of $178.82.

Chart Industries Price Performance

NYSE GTLS traded up $11.43 during trading on Monday, reaching $141.43. The company's stock had a trading volume of 2,491,269 shares, compared to its average volume of 632,780. The stock has a market capitalization of $6.05 billion, a PE ratio of 40.96, a P/E/G ratio of 0.56 and a beta of 1.71. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The firm has a fifty day moving average of $121.62 and a 200 day moving average of $136.90. Chart Industries has a one year low of $101.60 and a one year high of $171.68.

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 for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the prior year, the business earned $1.28 earnings per share. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts expect that Chart Industries will post 9.94 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jillian C. Evanko purchased 440 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company's stock, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty acquired 1,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the transaction, the director now owns 10,640 shares in the company, valued at approximately $1,207,640. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 7,152 shares of company stock valued at $482,278. Company insiders own 0.95% of the company's stock.

Hedge Funds Weigh In On Chart Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company's stock valued at $66,896,000 after buying an additional 386,821 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Chart Industries by 323.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company's stock worth $60,067,000 after purchasing an additional 317,775 shares during the last quarter. DAVENPORT & Co LLC bought a new position in Chart Industries in the 1st quarter worth about $42,507,000. Boston Partners purchased a new stake in Chart Industries during the 1st quarter valued at about $30,755,000. Finally, Driehaus Capital Management LLC raised its holdings in Chart Industries by 385.3% in the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company's stock worth $28,463,000 after buying an additional 156,562 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.