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

Chart Industries (NYSE:GTLS) had its price objective upped by equities researchers at Stifel Nicolaus from $200.00 to $231.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.04% from the stock’s current price.

GTLS has been the subject of a number of other reports. Bank of America cut their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and a consensus target price of $188.75.

Chart Industries Stock Performance

GTLS opened at $190.84 on Tuesday. The stock has a market cap of $8.17 billion, a P/E ratio of 55.32, a P/E/G ratio of 1.01 and a beta of 1.86. 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 fifty day moving average price of $175.02 and a 200 day moving average price of $146.63. Chart Industries has a 1 year low of $101.60 and a 1 year high of $204.23.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (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 firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that Chart Industries will post 9.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GTLS. Commonwealth Equity Services LLC grew its holdings in Chart Industries by 13.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,283 shares of the industrial products company’s stock valued at $907,000 after buying an additional 743 shares in the last quarter. Summit Financial LLC acquired a new stake in Chart Industries during the second quarter worth about $315,000. Natixis Advisors LLC raised its stake in Chart Industries by 1.3% during the second quarter. Natixis Advisors LLC now owns 20,108 shares of the industrial products company’s stock worth $2,902,000 after purchasing an additional 266 shares during the period. Versor Investments LP acquired a new position in Chart Industries in the 2nd quarter valued at about $462,000. Finally, Roubaix Capital LLC acquired a new position in Chart Industries in the 2nd quarter valued at about $1,813,000.

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.