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

Chart Industries (NYSE:GTLS) had its price objective boosted by Craig Hallum from $199.00 to $207.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other analysts also recently issued research reports about the company. Barclays cut their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday. Bank of America decreased their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group decreased their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley upgraded 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Trading Up 11.3 %

NYSE:GTLS opened at $165.93 on Monday. The business has a 50 day simple moving average of $123.28 and a 200 day simple moving average of $137.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a market capitalization of $7.10 billion, a P/E ratio of 48.10, a P/E/G ratio of 0.73 and a beta of 1.71. Chart Industries has a 12-month low of $101.60 and a 12-month high of $171.68.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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 firm earned $1.28 EPS. Equities research analysts predict that Chart Industries will post 9 EPS for the current year.

Insider Transactions at Chart Industries

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

Institutional Trading of Chart Industries

A number of hedge funds have recently modified their holdings of GTLS. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $30,000. Norden Group LLC acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $221,000. Commonwealth Equity Services LLC raised its holdings in shares of Chart Industries by 28.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,540 shares of the industrial products company’s stock worth $913,000 after buying an additional 1,222 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Chart Industries by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,712 shares of the industrial products company’s stock worth $2,259,000 after buying an additional 761 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $393,000.

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.