Chart Industries (NYSE:GTLS) Price Target Cut to $220.00

Chart Industries (NYSE:GTLS - Get Free Report) had its target price cut by analysts at Stifel Nicolaus from $224.00 to $220.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' target price would indicate a potential upside of 39.32% from the stock's current price.

A number of other research firms have also weighed in on GTLS. Piper Sandler raised their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the company a "neutral" rating in a research note on Monday. TD Cowen lifted their price target on shares of Chart Industries from $260.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday. UBS Group upgraded shares of Chart Industries from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Morgan Stanley assumed coverage on shares of Chart Industries in a research note on Thursday, April 18th. They issued an "equal weight" rating and a $200.00 price target for the company. Finally, Wells Fargo & Company lifted 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.46.

Chart Industries Trading Up 1.9 %

Shares of NYSE:GTLS traded up $2.91 on Monday, hitting $157.91. The company had a trading volume of 723,192 shares, compared to its average volume of 615,939. The firm's 50-day simple moving average is $150.44 and its two-hundred day simple moving average is $135.83. Chart Industries has a 1 year low of $106.66 and a 1 year high of $184.65. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 159.77, a P/E/G ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $950.70 million for the quarter, compared to analysts' expectations of $970.91 million. During the same period last year, the business earned $1.41 earnings per share. The company's revenue was up 76.7% on a year-over-year basis. Equities analysts anticipate that Chart Industries will post 11.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in Chart Industries during the first quarter valued at $30,000. Spire Wealth Management lifted its stake in Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company's stock worth $33,000 after acquiring an additional 117 shares during the period. Cape Investment Advisory Inc. purchased a new stake in Chart Industries in the fourth quarter worth about $33,000. Rise Advisors LLC lifted its stake in 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 period. Finally, Mendota Financial Group LLC purchased a new stake in Chart Industries in the fourth 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.