Chart Industries (NASDAQ:GTLS) had its price objective boosted by Cowen from $155.00 to $162.00 in a research note released on Monday, Briefing.com reports. The brokerage currently has an outperform rating on the industrial products company’s stock.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Chart Industries from a hold rating to a strong-buy rating and set a $160.00 target price for the company in a research report on Tuesday, February 23rd. Northland Securities upped their price target on Chart Industries from $137.00 to $170.00 and gave the stock an outperform rating in a research report on Monday, March 1st. Lake Street Capital upped their price target on Chart Industries from $134.00 to $151.00 in a research report on Wednesday, February 3rd. Morgan Stanley increased their target price on Chart Industries from $145.00 to $165.00 and gave the stock an overweight rating in a research report on Wednesday, March 31st. Finally, Raymond James increased their price target on Chart Industries from $125.00 to $140.00 and gave the company an outperform rating in a research note on Friday, January 8th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Chart Industries has a consensus rating of Buy and an average price target of $132.67.
NASDAQ GTLS opened at $145.70 on Monday. The firm has a market capitalization of $5.29 billion, a P/E ratio of 83.26 and a beta of 1.78. The business has a fifty day simple moving average of $145.94 and a 200 day simple moving average of $119.92. Chart Industries has a 12 month low of $27.11 and a 12 month high of $166.14. The company has a current ratio of 2.06, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Wednesday, February 17th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.50. Chart Industries had a return on equity of 7.34% and a net margin of 5.03%. The firm had revenue of $312.40 million during the quarter, compared to analyst estimates of $308.34 million. As a group, sell-side analysts predict that Chart Industries will post 2.48 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pendal Group Limited purchased a new position in shares of Chart Industries in the 4th quarter valued at $108,942,000. Norges Bank purchased a new position in shares of Chart Industries in the 4th quarter valued at $47,674,000. BlackRock Inc. increased its holdings in shares of Chart Industries by 6.1% in the 4th quarter. BlackRock Inc. now owns 5,446,856 shares of the industrial products company’s stock valued at $641,585,000 after acquiring an additional 315,436 shares during the period. Columbus Circle Investors acquired a new stake in shares of Chart Industries in the 4th quarter worth $33,841,000. Finally, Federated Hermes Inc. acquired a new stake in Chart Industries during the 4th quarter worth about $31,936,000.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.
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