Chart Industries (NYSE:GTLS) Price Target Raised to $207.00

Chart Industries (NYSE:GTLS) had its price target hoisted by Craig Hallum from $199.00 to $207.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

GTLS has been the topic of a number of other research reports. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Bank of America decreased their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Stifel Nicolaus increased their target price on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays reduced 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Up 11.3 %

Chart Industries stock opened at $165.93 on Monday. 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 firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $171.68. The stock’s fifty day moving average is $123.28 and its two-hundred day moving average is $137.06.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS. Analysts predict that Chart Industries will post 9 EPS for the current fiscal year.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries in the 3rd quarter worth approximately $34,000. UMB Bank n.a. grew its position in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of Chart Industries in the 2nd quarter worth approximately $40,000. Finally, Ecofi Investissements SA acquired a new position in shares of Chart Industries in the 2nd quarter worth approximately $50,000.

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.