Barclays Issues Positive Forecast for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its price objective boosted by Barclays from $145.00 to $165.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target suggests a potential upside of 0.63% from the company’s previous close.

Several other research firms have also issued reports on GTLS. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Raymond James restated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Stifel Nicolaus raised their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Citigroup raised their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Stock Performance

Shares of GTLS stock opened at $163.97 on Tuesday. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The stock’s 50-day moving average is $199.18 and its two-hundred day moving average is $164.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a market cap of $7.02 billion, a P/E ratio of 47.53, a PEG ratio of 0.57 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 EPS. Analysts predict that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

A number of hedge funds have recently modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of Chart Industries in the third quarter valued at $205,000. State of Alaska Department of Revenue increased its holdings in Chart Industries by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,868 shares of the industrial products company’s stock valued at $604,000 after buying an additional 330 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Chart Industries by 67.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 54,343 shares of the industrial products company’s stock valued at $6,746,000 after buying an additional 21,804 shares in the last quarter. Malaga Cove Capital LLC lifted its holdings in shares of Chart Industries by 62.0% during the 3rd quarter. Malaga Cove Capital LLC now owns 9,215 shares of the industrial products company’s stock worth $1,144,000 after acquiring an additional 3,526 shares during the period. Finally, Woodmont Investment Counsel LLC boosted its position in shares of Chart Industries by 17.5% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 27,782 shares of the industrial products company’s stock valued at $3,449,000 after acquiring an additional 4,131 shares in the last quarter.

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.