Chart Industries, Inc. (NYSE:GTLS) Receives $178.09 Consensus Target Price from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $178.00.

GTLS has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Bank of America dropped their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Barclays decreased their price target on Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th.

Chart Industries Stock Performance

NYSE:GTLS opened at $126.25 on Tuesday. The stock’s 50-day moving average is $120.00 and its 200-day moving average is $139.07. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries has a 1-year low of $101.60 and a 1-year high of $171.68. The stock has a market cap of $5.40 billion, a P/E ratio of 126.25, a price-to-earnings-growth ratio of 0.40 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. Equities research analysts anticipate that Chart Industries will post 10.42 earnings per share for the current year.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Linda S. Harty bought 1,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the acquisition, the director now directly owns 10,640 shares of the company’s stock, valued at $1,207,640. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Insiders have bought 7,152 shares of company stock valued at $482,278 over the last ninety days. 0.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds have recently bought and sold shares of GTLS. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Chart Industries by 6.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 26,821 shares of the industrial products company’s stock worth $3,657,000 after buying an additional 1,557 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chart Industries by 10.8% in the 4th quarter. Wellington Management Group LLP now owns 242,768 shares of the industrial products company’s stock worth $33,097,000 after buying an additional 23,741 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Chart Industries during the fourth quarter valued at about $87,000. Vanguard Group Inc. increased its holdings in Chart Industries by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,163,475 shares of the industrial products company’s stock worth $567,607,000 after buying an additional 39,130 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in Chart Industries by 7.4% in the first quarter. Moody National Bank Trust Division now owns 4,618 shares of the industrial products company’s stock worth $761,000 after acquiring an additional 320 shares during the period.

Chart Industries Company Profile

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.