Chart Industries - GTLS Stock Forecast, Price & News

Chart Industries, Inc. manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants. The company also offers process technology, liquefaction train, and critical equipment for the LNG, including small to mid-scale facilities, floating LNG applications, and large base-load export facilities; brazed aluminum, Core-in-Kettle, heat exchangers, cold boxes, air cooled heat exchangers, pressure vessels, and pipe works; and air cooled heat exchangers and axial cooling fans for the power, heating, ventilation, air conditioning, and refining applications. In addition, it provides highly engineered equipment that is used in specialty end-market applications for hydrogen, LNG, biogas, CO2 Capture, food and beverage, aerospace, lasers, cannabis, and water treatment; and cryogenic components, including vacuum insulated pipes, specialty liquid nitrogen, end-use equipment, and cryogenic flow meters. Additionally, it provides extended warranties, plant start-up, parts, 24/7 support, monitoring and process optimization, repairing, maintenance, and upgrading services; plant services on equipment, including brazed aluminum heat exchangers, cold boxes, etc.; and service locations that undertake installation, service, repair, maintenance, and refurbishment of cryogenic products, as well as equipment leasing solutions. The company was founded in 1859 and is based in Ball Ground, Georgia.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GTLS. Cowen increased their price objective on Chart Industries to $225.00 in a research note on Tuesday, August 9th. Wells Fargo & Company boosted their target price on Chart Industries from $200.00 to $205.00 in a research note on Monday, May 2nd. Barclays lifted their target price on shares of Chart Industries from $189.00 to $197.00 in a research note on Wednesday, August 3rd. Piper Sandler lifted their price objective on Chart Industries from $185.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 17th. Finally, TheStreet upgraded Chart Industries from a "c" rating to a "b-" rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $212.60.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $2.39 during mid-day trading on Monday, reaching $205.00. The company's stock had a trading volume of 271,800 shares, compared to its average volume of 546,085. The stock has a fifty day moving average of $178.57 and a two-hundred day moving average of $172.58. The firm has a market capitalization of $7.51 billion, a PE ratio of 142.36 and a beta of 1.61. Chart Industries has a 52 week low of $108.29 and a 52 week high of $214.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.77.

Chart Industries (NYSE:GTLS - Get Rating) last announced its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.07. The company had revenue of $404.80 million for the quarter, compared to the consensus estimate of $391.17 million. Chart Industries had a net margin of 4.49% and a return on equity of 7.70%. As a group, sell-side analysts anticipate that Chart Industries will post 5.18 EPS for the current fiscal year.