Chart Industries, Inc. (NYSE:GTLS) Receives $197.25 Average Price Target from Analysts

Chart Industries, Inc. (NYSE:GTLS) has been given a consensus rating of “Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $201.64.

Several brokerages have commented on GTLS. The Goldman Sachs Group decreased their price target on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley lowered their target price on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus reduced their price target on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, TD Cowen lowered their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Friday.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $154.35 on Friday. The company has a market capitalization of $6.94 billion, a P/E ratio of 44.74, a P/E/G ratio of 0.57 and a beta of 1.69. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03. The firm’s 50 day simple moving average is $142.39 and its two-hundred day simple moving average is $170.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $1.49 EPS. Chart Industries’s quarterly revenue was up 38.8% compared to the same quarter last year. Research analysts expect that Chart Industries will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Linda S. Harty purchased 500 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,109 shares of company stock valued at $160,845. Insiders own 0.99% of the company’s stock.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently made changes to their positions in the company. Archford Capital Strategies LLC grew its holdings in Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 48 shares in the last quarter. First Manhattan CO. LLC. boosted its stake in shares of Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 54 shares in the last quarter. Assetmark Inc. increased its holdings in Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after buying an additional 64 shares during the period. Blue Trust Inc. raised its stake in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after buying an additional 69 shares in the last quarter.

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.