Chart Industries (NYSE:GTLS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Chart Industries (NYSE:GTLS) had its target price raised by Stifel Nicolaus from $198.00 to $200.00 in a research report report published on Monday, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the company. Bank of America reduced their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Barclays cut their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday. Craig Hallum reduced their price target on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Trading Up 0.5 %

Shares of NYSE:GTLS traded up $0.67 during midday trading on Monday, reaching $142.10. The company’s stock had a trading volume of 55,804 shares, compared to its average volume of 629,933. The business has a 50 day moving average price of $121.62 and a 200 day moving average price of $136.90. Chart Industries has a 1 year low of $101.60 and a 1 year high of $171.68. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 40.99, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share 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 company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Research analysts forecast that Chart Industries will post 9.94 EPS for the current year.

Insider Buying and Selling

In other news, Director Linda S. Harty acquired 5,000 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chart Industries

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Chart Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after purchasing an additional 45,137 shares during the last quarter. Bamco Inc. NY increased its position in Chart Industries by 2.2% during the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after buying an additional 25,000 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Chart Industries by 6.3% during the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock valued at $144,738,000 after buying an additional 59,322 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after acquiring an additional 32,442 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in Chart Industries by 7.3% in the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock worth $62,102,000 after acquiring an additional 34,153 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.