Brokerages Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $186.17

Chart Industries, Inc. (NYSE:GTLS) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $188.75.

Several analysts have commented on GTLS shares. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research report on Monday, September 16th. Stifel Nicolaus boosted their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Barclays reduced their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, BTIG Research increased their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th.

Chart Industries Trading Down 0.5 %

Shares of NYSE:GTLS opened at $189.88 on Friday. The company has a 50 day moving average of $176.36 and a 200-day moving average of $146.93. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $8.13 billion, a P/E ratio of 55.04, a P/E/G ratio of 1.01 and a beta of 1.86. Chart Industries has a twelve month low of $101.60 and a twelve month high of $204.23.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’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 earnings per share. As a group, analysts anticipate that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after purchasing an additional 15,862 shares during the period. Retirement Systems of Alabama boosted its stake in Chart Industries by 0.9% during the third quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company’s stock worth $14,256,000 after buying an additional 996 shares in the last quarter. Virtu Financial LLC bought a new stake in Chart Industries in the 3rd quarter valued at $251,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Chart Industries by 7.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,785 shares of the industrial products company’s stock valued at $3,822,000 after buying an additional 2,211 shares in the last quarter.

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.