Stifel Nicolaus Issues Positive Forecast for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its target price increased by investment analysts at Stifel Nicolaus from $200.00 to $231.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 19.84% from the company’s current price.

A number of other research firms have also recently issued reports on GTLS. Barclays cut their target price on 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. 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 research note on Monday, September 16th. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, BTIG Research increased their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

Chart Industries Stock Up 1.1 %

Chart Industries stock traded up $2.16 during midday trading on Tuesday, hitting $192.75. 221,808 shares of the stock were exchanged, compared to its average volume of 663,335. Chart Industries has a 1 year low of $101.60 and a 1 year high of $204.23. The firm has a market cap of $8.25 billion, a P/E ratio of 55.87, a P/E/G ratio of 1.01 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a 50 day moving average price of $172.24 and a two-hundred day moving average price of $145.97.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, sell-side analysts predict that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after acquiring an additional 15,862 shares in the last quarter. Retirement Systems of Alabama increased its stake in Chart Industries by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company’s stock valued at $14,256,000 after buying an additional 996 shares during the last quarter. Virtu Financial LLC bought a new position in Chart Industries during the third quarter valued at about $251,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Chart Industries by 7.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 30,785 shares of the industrial products company’s stock valued at $3,822,000 after purchasing an additional 2,211 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.