Chart Industries (NYSE:GTLS) Given New $210.00 Price Target at BTIG Research

Chart Industries (NYSE:GTLS) had its price objective lifted by BTIG Research from $170.00 to $210.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other research analysts also recently commented on GTLS. Barclays cut their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Craig Hallum raised their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Raymond James reiterated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Finally, Stifel Nicolaus lifted their target price on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and an average target price of $181.42.

Chart Industries Stock Up 2.3 %

Chart Industries stock opened at $202.41 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $8.67 billion, a P/E ratio of 58.67, a P/E/G ratio of 1.01 and a beta of 1.86. The firm has a 50 day moving average price of $159.49 and a 200-day moving average price of $142.97. Chart Industries has a twelve month low of $101.60 and a twelve month high of $204.23.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. As a group, equities analysts predict that Chart Industries will post 9.03 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

A number of large investors have recently modified their holdings of GTLS. Envestnet Portfolio Solutions Inc. boosted its position in Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after buying an additional 64 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of Chart Industries in the second quarter worth approximately $195,000. Byrne Asset Management LLC purchased a new position in shares of Chart Industries in the second quarter worth $40,000. JB Capital LLC bought a new stake in Chart Industries in the 2nd quarter worth $1,256,000. Finally, EdgeRock Capital LLC purchased a new position in shares of Chart Industries in the second quarter valued at about $252,000.

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.