Stifel Nicolaus Raises Chart Industries (NYSE:GTLS) Price Target to $200.00

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

A number of other research analysts have also recently weighed in on the stock. Craig Hallum dropped their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. 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 report on Monday, October 14th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group cut their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Three 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Performance

NYSE GTLS opened at $163.29 on Monday. The business has a 50 day moving average price of $124.06 and a 200 day moving average price of $137.24. The company has a market capitalization of $6.99 billion, a P/E ratio of 47.33, a PEG ratio of 0.73 and a beta of 1.71. Chart Industries has a 1-year low of $101.60 and a 1-year high of $171.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 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 18.3% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. Sell-side analysts expect that Chart Industries will post 9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul E. Mahoney bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,152 shares of company stock valued at $482,278 over the last quarter. Company insiders own 0.95% of the company’s stock.

Institutional Trading of Chart Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries in the first quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new position in Chart Industries during the 3rd quarter worth approximately $34,000. Byrne Asset Management LLC purchased a new position in Chart Industries in the 2nd quarter worth approximately $40,000. UMB Bank n.a. grew its position in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares in the last quarter. Finally, Ecofi Investissements SA purchased a new stake in shares of Chart Industries during the second quarter valued at approximately $50,000.

About Chart Industries

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.