Chart Industries, Inc. (NYSE:GTLS) Receives $195.83 Consensus PT from Analysts

Chart Industries, Inc. (NYSE:GTLS) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $194.46.

GTLS has been the topic of several recent research reports. TD Cowen upped their price objective on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a report on Monday, May 6th. Piper Sandler upped their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Morgan Stanley initiated coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target on the stock. Bank of America increased their price target on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Barclays initiated coverage on shares of Chart Industries in a report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price target on the stock.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries during the first quarter worth approximately $30,000. Spire Wealth Management increased its position in shares of Chart Industries by 141.0% during the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Rise Advisors LLC increased its position in shares of Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Chart Industries during the fourth quarter worth approximately $33,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of Chart Industries during the second quarter worth approximately $40,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $115.92 on Thursday. The firm has a market capitalization of $4.96 billion, a PE ratio of 115.92, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74. The firm has a fifty day simple moving average of $149.13 and a two-hundred day simple moving average of $145.55. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. Chart Industries has a 12 month low of $109.48 and a 12 month high of $184.65.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts forecast that Chart Industries will post 11.56 EPS for the current fiscal year.

About Chart Industries

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.