The Goldman Sachs Group Issues Positive Forecast for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its target price boosted by The Goldman Sachs Group from $138.00 to $201.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a report on Monday, September 16th. Bank of America dropped their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company decreased their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Raymond James reiterated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Barclays lowered their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $186.17.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $184.83 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $204.23. The stock has a market cap of $7.91 billion, a PE ratio of 53.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The stock has a fifty day moving average of $164.38 and a 200-day moving average of $144.03.

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

Hedge Funds Weigh In On Chart Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Chart Industries in the third quarter worth $34,000. UMB Bank n.a. increased its holdings in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares during the period. Ecofi Investissements SA purchased a new position in shares of Chart Industries in the second quarter worth about $50,000. Itau Unibanco Holding S.A. bought a new stake in shares of Chart Industries in the 2nd quarter valued at about $91,000. Finally, Mendota Financial Group LLC boosted its holdings in Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 203 shares during the period.

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.