Analysts Set Chart Industries, Inc. (NYSE:GTLS) Target Price at $204.10

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned an average rating of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $204.10.

Several research firms have recently commented on GTLS. Zacks Research downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th.

Chart Industries Trading Down 0.1%

Chart Industries stock opened at $206.95 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. Chart Industries has a 52 week low of $104.60 and a 52 week high of $208.24. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 795.97, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73. The stock has a 50-day moving average price of $207.19 and a 200 day moving average price of $204.21.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company posted $2.66 EPS. Chart Industries’s quarterly revenue was down 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Chart Industries will post 9.02 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors have recently modified their holdings of the stock. United Community Bank grew its holdings in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 113 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares during the period. Torren Management LLC acquired a new position in Chart Industries in the fourth quarter valued at approximately $30,000. Allworth Financial LP boosted its position in Chart Industries by 74.5% in the 2nd 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, MCF Advisors LLC purchased a new stake in Chart Industries in the 4th quarter worth approximately $41,000.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.