Piper Sandler Boosts Chart Industries (NYSE:GTLS) Price Target to $160.00

Chart Industries (NYSE:GTLS) had its price objective increased by equities researchers at Piper Sandler from $151.00 to $160.00 in a report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Piper Sandler’s price objective indicates a potential upside of 3.09% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley began coverage on shares of Chart Industries in a research note on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target for the company. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Wells Fargo & Company increased their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, TD Cowen upped their target price on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.77.

Chart Industries Trading Up 0.1 %

Shares of Chart Industries stock opened at $155.20 on Monday. The firm’s 50-day moving average price is $150.44 and its two-hundred day moving average price is $135.83. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 155.20, a PEG ratio of 0.43 and a beta of 1.73. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. Chart Industries has a 12-month low of $106.66 and a 12-month high of $184.65.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm had revenue of $950.70 million during the quarter, compared to the consensus estimate of $970.91 million. During the same period last year, the business earned $1.41 earnings per share. The business’s revenue was up 76.7% compared to the same quarter last year. On average, analysts forecast that Chart Industries will post 11.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Chart Industries in the first quarter valued at approximately $30,000. Spire Wealth Management raised its holdings in Chart Industries by 141.0% during the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 117 shares during the period. Cape Investment Advisory Inc. bought a new position in shares of Chart Industries in the fourth quarter worth $33,000. Rise Advisors LLC raised its stake in shares of Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. Finally, Mendota Financial Group LLC purchased a new position in Chart Industries during the 4th quarter valued at about $77,000.

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.