Brokerages Set Chart Industries, Inc. (NYSE:GTLS) Target Price at $189.31

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $187.46.

A number of analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Piper Sandler lifted their price objective on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Craig Hallum reduced their price target on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Barclays reduced their price target on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors have recently made changes to their positions in the business. EFG Asset Management North America Corp. increased its stake in shares of Chart Industries by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after purchasing an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 64 shares during the period. Banque Cantonale Vaudoise increased its stake in Chart Industries by 5.1% during the first quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 85 shares during the period. Arizona State Retirement System increased its stake in Chart Industries by 0.7% during the second quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock valued at $1,708,000 after acquiring an additional 87 shares during the period. Finally, Aristeia Capital L.L.C. increased its stake in Chart Industries by 3.7% during the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 92 shares during the period.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $122.40 on Monday. The stock has a market cap of $5.24 billion, a PE ratio of 122.40, a price-to-earnings-growth ratio of 0.39 and a beta of 1.74. Chart Industries has a 12 month low of $106.88 and a 12 month high of $184.65. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $138.26 and a 200-day simple moving average of $145.15.

Chart Industries (NYSE:GTLS) last released 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. On average, sell-side analysts anticipate that Chart Industries will post 10.57 EPS for the current fiscal year.

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.