Chart Industries PT Raised to $85.00 at Davidson (GTLS)
Equities researchers at Davidson upped their price objective on shares of Chart Industries (NASDAQ:GTLS) from $80.00 to $85.00 in a research report issued on Friday. Davidson’s price objective suggests a potential upside of 10.82% from the stock’s previous close.
Shares of Chart Industries (NASDAQ:GTLS) traded up 2.02% during mid-day trading on Friday, hitting $78.25. 179,749 shares of the company’s stock traded hands. Chart Industries has a one year low of $64.05 and a one year high of $130.85. The stock’s 50-day moving average is $73.49 and its 200-day moving average is $83.06. The company has a market cap of $2.384 billion and a P/E ratio of 31.07.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.25. The company had revenue of $266.20 million for the quarter, compared to the consensus estimate of $300.41 million. During the same quarter last year, the company posted $0.54 earnings per share. Chart Industries’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Chart Industries will post $3.07 earnings per share for the current fiscal year.
GTLS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Chart Industries from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $74.40 price target on the stock. Separately, analysts at DA Davidson initiated coverage on shares of Chart Industries in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Finally, analysts at Johnson Rice reiterated an “overweight” rating on shares of Chart Industries in a research note on Wednesday, April 30th. They now have a $95.00 price target on the stock, down previously from $105.00. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $106.95.
Chart Industries, Inc is an independent global manufacturer of engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases.
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