Chart Industries (NYSE:GTLS) Given New $200.00 Price Target at Stifel Nicolaus

by · The Cerbat Gem

Chart Industries (NYSE:GTLS – Get Free Report) had its target price hoisted by stock analysts at Stifel Nicolaus from $198.00 to $200.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 43.78% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group lowered their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.09.

Get Our Latest Stock Analysis on Chart Industries

Chart Industries Stock Performance

GTLS traded up $9.10 during midday trading on Monday, hitting $139.10. 380,753 shares of the company traded hands, compared to its average volume of 622,872. The company’s 50-day moving average is $121.62 and its 200 day moving average is $136.98. Chart Industries has a 52 week low of $101.60 and a 52 week high of $171.68. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $5.95 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71.

Chart Industries (NYSE:GTLS – Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts expect that Chart Industries will post 9.94 EPS for the current year.

Insider Transactions at Chart Industries

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

Institutional Investors Weigh In On Chart Industries

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries during the 1st quarter valued at $30,000. UMB Bank n.a. raised its holdings in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of Chart Industries during the 2nd quarter valued at $40,000. Ecofi Investissements SA bought a new position in shares of Chart Industries during the 2nd quarter valued at $50,000. Finally, Covestor Ltd raised its holdings in shares of Chart Industries by 509.8% during the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 311 shares in the last quarter.

About Chart Industries

(Get Free Report)

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.

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