Chart Industries (NYSE:GTLS) Price Target Raised to $265.00

Chart Industries (NYSE:GTLS) had its target price boosted by TD Cowen from $260.00 to $265.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also issued reports on GTLS. UBS Group raised 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 report on Tuesday, March 19th. Morgan Stanley started coverage on Chart Industries in a research report on Thursday, April 18th. They set an equal weight rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Chart Industries from $155.00 to $172.00 and gave the company an overweight rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $196.21.

Chart Industries Stock Performance

Chart Industries stock opened at $156.88 on Monday. The business has a 50 day moving average of $151.80 and a 200-day moving average of $136.07. The company has a market capitalization of $6.71 billion, a P/E ratio of 156.88, a P/E/G ratio of 0.43 and a beta of 1.73. Chart Industries has a 1 year low of $106.66 and a 1 year high of $184.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.39). The business had revenue of $950.70 million during the quarter, compared to analyst estimates of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The company’s revenue was up 76.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 earnings per share. On average, equities research analysts predict that Chart Industries will post 11.98 earnings per share for the current year.

Institutional Trading of Chart Industries

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Chart Industries in the fourth quarter worth $57,415,000. Federated Hermes Inc. boosted its position in shares of Chart Industries by 83.9% during the 3rd quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock worth $100,159,000 after purchasing an additional 270,133 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Chart Industries during the 1st quarter worth about $42,507,000. Gates Capital Management Inc. grew its stake in shares of Chart Industries by 50.5% in the 4th quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock valued at $92,323,000 after buying an additional 227,280 shares during the period. Finally, Intrinsic Edge Capital Management LLC bought a new stake in Chart Industries in the 4th quarter valued at about $27,672,000.

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.