Chart Industries Given New $130.00 Price Target at Raymond James (GTLS)
Investment analysts at Raymond James upped their price objective on shares of Chart Industries (NASDAQ:GTLS) from $125.00 to $130.00 in a note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 7.40% from the stock’s previous close.
A number of other firms have also recently commented on GTLS. Analysts at Clarkson Capital initiated coverage on shares of Chart Industries in a research note to investors on Monday. They set an “outperform” rating on the stock. Separately, analysts at Johnson Rice raised their price target on shares of Chart Industries from $90.00 to $100.00 in a research note to investors on Thursday, August 1st. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Chart Industries from $95.00 to $127.00 in a research note to investors on Wednesday, July 31st. They now have an “overweight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $116.20.
Chart Industries (NASDAQ:GTLS) traded down 2.40% during mid-day trading on Tuesday, hitting $121.04. The stock had a trading volume of 268,640 shares. Chart Industries has a 52 week low of $55.89 and a 52 week high of $130.85. The stock’s 50-day moving average is $121.0 and its 200-day moving average is $100.2. The company has a market cap of $3.673 billion and a P/E ratio of 50.66.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Tuesday, July 30th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.01. The company had revenue of $298.30 million for the quarter, compared to the consensus estimate of $296.90 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Analysts expect that Chart Industries will post $3.20 EPS for the current fiscal year.
Chart Industries, Inc (NASDAQ:GTLS) is a holding company.
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