Chart Industries (NYSE:GTLS) Sets New 1-Year High – What’s Next?

Chart Industries, Inc. (NYSE:GTLS) hit a new 52-week high during trading on Monday . The company traded as high as $204.37 and last traded at $203.00, with a volume of 147463 shares changing hands. The stock had previously closed at $198.96.

Analysts Set New Price Targets

GTLS has been the topic of several recent research reports. Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Craig Hallum increased their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research note on Monday, September 16th. Barclays dropped their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, BTIG Research lifted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Trading Up 5.6 %

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 stock has a market cap of $8.99 billion, a price-to-earnings ratio of 60.89, a PEG ratio of 1.01 and a beta of 1.86. The company’s fifty day moving average is $177.87 and its two-hundred day moving average is $147.39.

Chart Industries (NYSE:GTLS) last posted its quarterly 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). The business had revenue of $1.06 billion during 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 quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new position in Chart Industries during the third quarter worth $34,000. UMB Bank n.a. increased its position in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares in the last quarter. Ecofi Investissements SA acquired a new position in Chart Industries in the 2nd quarter valued at about $50,000. Mendota Financial Group LLC raised its position in shares of Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Chart Industries during the 3rd quarter worth $87,000.

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.