Chart Industries (NYSE:GTLS) PT Raised to $160.00 at Piper Sandler

Chart Industries (NYSE:GTLS) had its price objective boosted by equities researchers at Piper Sandler from $151.00 to $160.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Piper Sandler’s price target indicates a potential downside of 0.19% from the company’s current price.

GTLS has been the subject of several other reports. Wells Fargo & Company lifted their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. TD Cowen lifted their price target on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, Morgan Stanley initiated coverage on Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $196.46.

Chart Industries Trading Up 1.5 %

Shares of GTLS opened at $160.30 on Monday. Chart Industries has a fifty-two week low of $106.66 and a fifty-two week high of $184.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. The company’s fifty day moving average is $151.62 and its 200 day moving average is $135.92. The stock has a market capitalization of $6.74 billion, a PE ratio of 160.30, a P/E/G ratio of 0.43 and a beta of 1.73.

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

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise raised its position in Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 85 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Chart Industries by 4.7% during the 4th quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 99 shares during the last quarter. State of Michigan Retirement System boosted its position in Chart Industries by 1.0% during the fourth quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock valued at $1,377,000 after purchasing an additional 100 shares in the last quarter. New York State Teachers Retirement System grew its stake in Chart Industries by 0.3% in the first quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock valued at $6,417,000 after purchasing an additional 100 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Chart Industries by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after purchasing an additional 104 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.