Chart Industries (NYSE:GTLS) Price Target Increased to $265.00 by Analysts at TD Cowen

Chart Industries (NYSE:GTLS) had its target price hoisted by analysts at TD Cowen from $260.00 to $265.00 in a research note issued on Monday, Briefing.com reports. The firm currently has a “buy” rating on the industrial products company’s stock. TD Cowen’s price objective points to a potential upside of 70.97% from the company’s current price.

GTLS has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Morgan Stanley assumed coverage on Chart Industries in a research note on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price for the company. Finally, UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.23.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $155.00 on Monday. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 155.00, a PEG ratio of 0.43 and a beta of 1.73. The firm’s fifty day simple moving average is $150.44 and its 200-day simple moving average is $135.83. 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 has a 12 month low of $106.66 and a 12 month high of $184.65.

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

Institutional Investors Weigh In On Chart Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries in the first quarter valued at about $30,000. Spire Wealth Management grew its holdings in Chart Industries by 141.0% during the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after buying an additional 117 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Chart Industries in the fourth quarter valued at $33,000. Finally, Mendota Financial Group LLC purchased a new stake in Chart Industries during the 4th quarter worth about $77,000.

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.