Chart Industries, Inc. (NYSE:GTLS - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $151.30, but opened at $156.68. Chart Industries shares last traded at $155.38, with a volume of 53,704 shares traded.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. TD Cowen upped their target price on Chart Industries from $260.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Wells Fargo & Company increased their price target on Chart Industries from $155.00 to $172.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Barclays initiated coverage on Chart Industries in a research report on Wednesday, May 8th. They issued an "equal weight" rating and a $193.00 price target for the company. Stifel Nicolaus lowered their price target on Chart Industries from $224.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, May 6th. Finally, Morgan Stanley initiated coverage on Chart Industries in a research report on Thursday, April 18th. They issued an "equal weight" rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $196.21.
Get Our Latest Stock Report on Chart Industries
Chart Industries Price Performance
The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a market cap of $6.57 billion, a P/E ratio of 153.49, a P/E/G ratio of 0.42 and a beta of 1.73. The business has a 50 day simple moving average of $152.35 and a 200-day simple moving average of $136.10.
Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million for the quarter, compared to the consensus estimate of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm's revenue was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. On average, sell-side analysts forecast that Chart Industries, Inc. will post 11.91 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in Chart Industries in the 1st quarter worth about $30,000. Spire Wealth Management raised its holdings in shares of Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 117 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Chart Industries in the 4th quarter valued at about $33,000. Rise Advisors LLC raised its holdings in shares of Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 311 shares in the last quarter.
Chart Industries Company Profile
(
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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.
Further Reading
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