Chart Industries’ (GTLS) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Chart Industries (NYSE:GTLS) in a report released on Monday, Benzinga reports. The firm currently has a $199.00 price target on the industrial products company’s stock.

Several other brokerages have also commented on GTLS. Wells Fargo & Company reduced their price objective on Chart Industries from $179.00 to $151.00 and set an overweight rating on the stock in a research report on Tuesday, August 6th. Barclays lowered their price objective on shares of Chart Industries from $193.00 to $147.00 and set an equal weight rating for the company in a report on Tuesday, August 6th. Craig Hallum cut their price objective on shares of Chart Industries from $229.00 to $199.00 and set a buy rating for the company in a research note on Monday, August 5th. The Goldman Sachs Group lifted their target price on shares of Chart Industries from $150.00 to $168.00 and gave the stock a neutral rating in a research report on Tuesday, May 28th. Finally, Evercore ISI upgraded shares of Chart Industries to a strong-buy rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $187.46.

Chart Industries Trading Up 2.7 %

Shares of Chart Industries stock opened at $124.05 on Monday. The company has a 50 day simple moving average of $138.62 and a two-hundred day simple moving average of $144.88. The firm has a market cap of $5.31 billion, a PE ratio of 124.05, a PEG ratio of 0.44 and a beta of 1.74. Chart Industries has a 1 year low of $106.88 and a 1 year high of $184.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. Analysts expect that Chart Industries will post 11.56 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

Several large investors have recently modified their holdings of the business. Yousif Capital Management LLC lifted its holdings in Chart Industries by 1.9% in the 4th quarter. Yousif Capital Management LLC now owns 19,946 shares of the industrial products company’s stock worth $2,719,000 after buying an additional 373 shares during the period. Truist Financial Corp boosted its holdings in Chart Industries by 35.5% in the fourth quarter. Truist Financial Corp now owns 26,503 shares of the industrial products company’s stock valued at $3,613,000 after acquiring an additional 6,949 shares in the last quarter. Retirement Systems of Alabama increased its position in Chart Industries by 6.0% during the 4th quarter. Retirement Systems of Alabama now owns 109,144 shares of the industrial products company’s stock valued at $14,880,000 after purchasing an additional 6,165 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in Chart Industries by 53.8% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 9,104 shares of the industrial products company’s stock worth $1,241,000 after purchasing an additional 3,185 shares in the last quarter. Finally, Hollow Brook Wealth Management LLC lifted its position in shares of Chart Industries by 30.1% in the 4th quarter. Hollow Brook Wealth Management LLC now owns 30,303 shares of the industrial products company’s stock worth $4,131,000 after purchasing an additional 7,002 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.