Analysts Set Chart Industries, Inc. (NYSE:GTLS) Target Price at $199.36

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has received an average rating of "Buy" from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $200.00.

Several research firms have issued reports on GTLS. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley reduced their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Stifel Nicolaus reduced their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th.

Insider Transactions at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chart Industries

A number of large investors have recently added to or reduced their stakes in GTLS. Blue Trust Inc. boosted its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the period. KBC Group NV increased its stake in Chart Industries by 54.0% in the 4th quarter. KBC Group NV now owns 1,769 shares of the industrial products company's stock worth $338,000 after purchasing an additional 620 shares during the period. Hantz Financial Services Inc. increased its stake in Chart Industries by 24.8% in the 4th quarter. Hantz Financial Services Inc. now owns 22,476 shares of the industrial products company's stock worth $4,289,000 after purchasing an additional 4,469 shares during the period. Caprock Group LLC bought a new stake in Chart Industries in the 4th quarter worth $416,000. Finally, Journey Strategic Wealth LLC purchased a new position in Chart Industries during the 4th quarter valued at about $247,000.

Chart Industries Stock Performance

Shares of Chart Industries stock traded down $1.97 during trading on Wednesday, hitting $157.00. 427,934 shares of the company's stock were exchanged, compared to its average volume of 708,464. Chart Industries has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 0.57 and a beta of 1.69. The business has a 50-day simple moving average of $144.55 and a 200-day simple moving average of $172.74.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries's quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. On average, research analysts forecast that Chart Industries will post 9.02 EPS for the current year.

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.