Analysts Set Chart Industries, Inc. (NYSE:GTLS) Target Price at $202.00

Chart Industries, Inc. (NYSE:GTLS) has earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $202.00.

A number of equities analysts recently issued reports on GTLS shares. TD Cowen cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Morgan Stanley reduced their price objective on shares of Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Johnson Rice lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research note on Wednesday, July 30th. Craig Hallum lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, BTIG Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st.

Chart Industries Price Performance

GTLS stock opened at $198.77 on Monday. The company has a 50 day simple moving average of $169.08 and a 200 day simple moving average of $163.32. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 1.15 and a beta of 1.59. Chart Industries has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. Research analysts anticipate that Chart Industries will post 9.02 EPS for the current fiscal year.

Institutional Trading of Chart Industries

A number of large investors have recently added to or reduced their stakes in GTLS. Capital Analysts LLC purchased a new position in shares of Chart Industries in the fourth quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Chart Industries in the first quarter worth about $25,000. Global X Japan Co. Ltd. increased its stake in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP increased its stake in shares of Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares in the last quarter.

About Chart Industries

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.