Chart Industries (NYSE:GTLS) Given New $205.00 Price Target at Wells Fargo & Company

Chart Industries (NYSE:GTLSGet Rating) had its price objective hoisted by analysts at Wells Fargo & Company from $200.00 to $205.00 in a note issued to investors on Monday, The Fly reports. Wells Fargo & Company‘s price objective would indicate a potential upside of 21.43% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley reduced their target price on shares of Chart Industries from $200.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 25th. Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th. Credit Suisse Group reduced their target price on shares of Chart Industries from $194.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 25th. Craig Hallum increased their target price on shares of Chart Industries from $193.00 to $206.00 in a research report on Friday, April 8th. Finally, Citigroup cut their price objective on shares of Chart Industries from $198.00 to $167.00 in a research report on Friday, January 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $193.07.

Shares of NYSE GTLS opened at $168.82 on Monday. The company’s fifty day moving average price is $163.25 and its 200 day moving average price is $157.98. Chart Industries has a 1 year low of $108.29 and a 1 year high of $206.29. The company has a market capitalization of $6.18 billion, a PE ratio of 117.24 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.23.

Chart Industries (NYSE:GTLSGet Rating) last posted its quarterly earnings data on Friday, April 29th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.10. The business had revenue of $354.10 million for the quarter, compared to the consensus estimate of $354.18 million. Chart Industries had a net margin of 4.49% and a return on equity of 7.70%. The company’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. On average, equities analysts expect that Chart Industries will post 5.18 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Chart Industries by 1.0% in the 3rd quarter. BlackRock Inc. now owns 6,941,191 shares of the industrial products company’s stock worth $1,326,531,000 after acquiring an additional 69,802 shares during the period. Capital World Investors increased its position in Chart Industries by 44.2% in the fourth quarter. Capital World Investors now owns 3,793,671 shares of the industrial products company’s stock worth $605,053,000 after buying an additional 1,161,995 shares during the period. Nordea Investment Management AB increased its holdings in shares of Chart Industries by 22.9% during the first quarter. Nordea Investment Management AB now owns 1,444,114 shares of the industrial products company’s stock valued at $254,763,000 after purchasing an additional 269,051 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Chart Industries by 2.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,389,601 shares of the industrial products company’s stock valued at $221,627,000 after purchasing an additional 31,808 shares during the period. Finally, Invesco Ltd. grew its holdings in Chart Industries by 1.2% during the third quarter. Invesco Ltd. now owns 1,209,140 shares of the industrial products company’s stock worth $231,079,000 after acquiring an additional 13,854 shares during the period.

Chart Industries Company Profile (Get Rating)

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.

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