Chart Industries (NYSE:GTLS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Chart Industries (NYSE:GTLS) had its price objective lifted by equities research analysts at Stifel Nicolaus from $200.00 to $231.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 21.04% from the company’s previous close.

A number of other research firms have also recently weighed in on GTLS. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Monday, September 16th. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Raymond James reiterated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Wells Fargo & Company dropped their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Bank of America reduced their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $190.84 on Tuesday. The firm has a 50 day moving average of $175.02 and a 200 day moving average of $146.63. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 55.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. Chart Industries has a 52 week low of $101.60 and a 52 week high of $204.23.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts predict that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. King Luther Capital Management Corp lifted its stake in Chart Industries by 2.9% during the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after acquiring an additional 29,139 shares during the period. Geode Capital Management LLC lifted its position in Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after purchasing an additional 19,534 shares during the period. Principal Financial Group Inc. boosted its holdings in Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares during the period.

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.