Chart Industries, Inc. (NYSE:GTLS) Receives $197.92 Average Price Target from Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $197.92.

GTLS has been the topic of several research analyst reports. The Goldman Sachs Group boosted 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. TD Cowen upped their price target on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Morgan Stanley began coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target for the company. Barclays started coverage on Chart Industries in a report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price objective on the stock. Finally, UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of GTLS. Schonfeld Strategic Advisors LLC acquired a new position in shares of Chart Industries during the 3rd quarter worth about $1,322,000. Horizon Family Wealth Inc. bought a new position in Chart Industries in the 3rd quarter valued at about $200,000. Graham Capital Management L.P. acquired a new position in shares of Chart Industries during the 3rd quarter worth $569,000. Wellington Management Group LLP grew its holdings in shares of Chart Industries by 1.6% during the 3rd quarter. Wellington Management Group LLP now owns 219,027 shares of the industrial products company’s stock valued at $37,042,000 after purchasing an additional 3,449 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Chart Industries by 39.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 25,264 shares of the industrial products company’s stock worth $4,272,000 after buying an additional 7,148 shares in the last quarter.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $151.44 on Friday. The company has a market cap of $6.48 billion, a P/E ratio of 151.44, a P/E/G ratio of 0.39 and a beta of 1.74. The firm’s fifty day moving average is $148.61 and its two-hundred day moving average is $142.57. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. Chart Industries has a 52-week low of $109.48 and a 52-week high of $184.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). The firm had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The business’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. As a group, analysts anticipate that Chart Industries will post 11.94 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.