Chart Industries, Inc. (NYSE:GTLS) Receives $188.75 Average PT from Brokerages

Chart Industries, Inc. (NYSE:GTLS) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $188.75.

A number of brokerages recently commented on GTLS. Craig Hallum upped their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays decreased their price objective 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. The Goldman Sachs Group raised their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. BTIG Research increased their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus boosted their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st.

Institutional Trading of Chart Industries

Several institutional investors and hedge funds have recently made changes to their positions in GTLS. Jennison Associates LLC raised its stake in shares of Chart Industries by 18.4% during the 4th quarter. Jennison Associates LLC now owns 92,776 shares of the industrial products company’s stock worth $17,705,000 after buying an additional 14,435 shares in the last quarter. JB Capital LLC grew its holdings in Chart Industries by 8.7% during the 4th quarter. JB Capital LLC now owns 10,302 shares of the industrial products company’s stock valued at $1,966,000 after buying an additional 823 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the period. Journey Strategic Wealth LLC purchased a new position in shares of Chart Industries during the 4th quarter worth $247,000. Finally, Caprock Group LLC purchased a new position in shares of Chart Industries during the 4th quarter worth $416,000.

Chart Industries Stock Up 1.1 %

GTLS stock opened at $218.41 on Thursday. 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 company’s 50 day moving average is $195.45 and its 200 day moving average is $154.35. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 63.31, a price-to-earnings-growth ratio of 0.64 and a beta of 1.84. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS) last issued 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). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. Sell-side analysts predict that Chart Industries will post 9.02 EPS for the current fiscal year.

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.