Chart Industries (NASDAQ:GTLS) Given a $109.00 Price Target by Lake Street Capital Analysts

Lake Street Capital set a $109.00 target price on Chart Industries (NASDAQ:GTLS) in a research report released on Friday, TipRanks reports. The firm currently has a buy rating on the industrial products company’s stock.

GTLS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Chart Industries from a buy rating to a hold rating in a research report on Friday, October 11th. Credit Suisse Group began coverage on shares of Chart Industries in a research report on Tuesday, August 13th. They issued an outperform rating and a $83.00 price target on the stock. ValuEngine upgraded shares of Chart Industries from a sell rating to a hold rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. began coverage on shares of Chart Industries in a research report on Wednesday, September 25th. They issued a neutral rating and a $73.00 price target on the stock. Finally, TheStreet downgraded shares of Chart Industries from a b- rating to a c+ rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Chart Industries has an average rating of Hold and an average price target of $79.79.

NASDAQ GTLS opened at $58.09 on Friday. Chart Industries has a 12 month low of $54.12 and a 12 month high of $95.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.36. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 28.76 and a beta of 1.18. The company’s fifty day moving average price is $62.62 and its two-hundred day moving average price is $73.50.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.01). Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The business had revenue of $357.80 million during the quarter, compared to the consensus estimate of $378.53 million. During the same quarter in the previous year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, analysts anticipate that Chart Industries will post 2.83 EPS for the current year.

In other Chart Industries news, Director Carey Chen purchased 3,403 shares of Chart Industries stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $59.73 per share, for a total transaction of $203,261.19. Following the transaction, the director now owns 5,500 shares in the company, valued at approximately $328,515. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in shares of Chart Industries by 12.6% in the 2nd quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock worth $392,575,000 after acquiring an additional 569,836 shares during the period. Vanguard Group Inc. increased its holdings in shares of Chart Industries by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock worth $275,072,000 after acquiring an additional 256,912 shares during the period. Northern Trust Corp increased its holdings in shares of Chart Industries by 6.8% in the 2nd quarter. Northern Trust Corp now owns 734,988 shares of the industrial products company’s stock worth $56,505,000 after acquiring an additional 46,820 shares during the period. Invesco Ltd. increased its holdings in shares of Chart Industries by 791.7% in the 2nd quarter. Invesco Ltd. now owns 698,418 shares of the industrial products company’s stock worth $53,694,000 after acquiring an additional 620,090 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Chart Industries by 5,240.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 563,995 shares of the industrial products company’s stock worth $42,164,000 after acquiring an additional 553,435 shares during the period.

About Chart Industries

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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