Chart Industries (NYSE:GTLS) Price Target Raised to $160.00 at Piper Sandler

Chart Industries (NYSE:GTLS) had its target price increased by Piper Sandler from $151.00 to $160.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Piper Sandler’s target price would suggest a potential downside of 0.19% from the company’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley assumed coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target on the stock. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. TD Cowen boosted their target price on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and an average target price of $196.46.

Chart Industries Stock Up 1.5 %

GTLS stock opened at $160.30 on Monday. The firm has a market cap of $6.74 billion, a PE ratio of 160.30, a PEG ratio of 0.43 and a beta of 1.73. 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 firm’s 50 day moving average price is $151.62 and its 200-day moving average price is $135.92. Chart Industries has a one year low of $106.66 and a one year high of $184.65.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS 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 analysts’ expectations of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 EPS. On average, equities research analysts anticipate that Chart Industries will post 11.98 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently modified their holdings of GTLS. Norges Bank acquired a new position in shares of Chart Industries during the fourth quarter worth $57,415,000. Federated Hermes Inc. grew its stake in shares of Chart Industries by 83.9% during the third quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock worth $100,159,000 after purchasing an additional 270,133 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Chart Industries during the first quarter worth $42,507,000. Gates Capital Management Inc. grew its stake in shares of Chart Industries by 50.5% during the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock worth $92,323,000 after purchasing an additional 227,280 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of Chart Industries during the fourth quarter worth $27,672,000.

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.