Analysts Set Chart Industries, Inc. (NYSE:GTLS) Price Target at $206.00

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average rating of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $206.00.

Several brokerages have weighed in on GTLS. JPMorgan Chase & Co. increased their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $206.74 on Thursday. The firm’s 50-day simple moving average is $204.52 and its 200 day simple moving average is $195.81. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. Chart Industries has a fifty-two week low of $104.60 and a fifty-two week high of $220.03. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 252.13, a PEG ratio of 1.08 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.Chart Industries’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $2.18 earnings per share. As a group, research analysts anticipate that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after purchasing an additional 102,226 shares in the last quarter. Atlantic Investment Management Inc. boosted its position in shares of Chart Industries by 33.7% during the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock valued at $45,229,000 after buying an additional 69,300 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Chart Industries during the second quarter valued at $294,000. Ethic Inc. increased its holdings in Chart Industries by 3.8% in the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock worth $472,000 after buying an additional 103 shares in the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in Chart Industries in the 2nd quarter worth about $12,143,000.

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.