Chart Industries (NYSE:GTLS) Price Target Raised to $225.00 at Lake Street Capital

Chart Industries (NYSE:GTLSGet Rating) had its price target boosted by Lake Street Capital from $195.00 to $225.00 in a report published on Monday morning, The Fly reports.

Other analysts have also issued research reports about the stock. Cowen boosted their price target on shares of Chart Industries from $195.00 to $225.00 in a research report on Monday. Credit Suisse Group upped their target price on shares of Chart Industries from $203.00 to $224.00 and gave the stock an outperform rating in a report on Monday. Morgan Stanley upped their target price on shares of Chart Industries from $175.00 to $205.00 and gave the stock an overweight rating in a report on Thursday, June 9th. Wells Fargo & Company upped their target price on shares of Chart Industries from $200.00 to $205.00 in a report on Monday, May 2nd. Finally, Craig Hallum upped their target price on shares of Chart Industries from $225.00 to $243.00 in a report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $212.07.

Chart Industries Stock Performance

NYSE GTLS opened at $189.86 on Monday. The company’s 50 day moving average is $168.20 and its 200-day moving average is $158.02. Chart Industries has a 12-month low of $108.29 and a 12-month high of $206.29. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The firm has a market cap of $6.95 billion, a P/E ratio of 131.85 and a beta of 1.61.

Chart Industries (NYSE:GTLSGet Rating) last posted its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. Chart Industries had a net margin of 4.49% and a return on equity of 7.70%. The company had revenue of $404.80 million for the quarter, compared to analyst estimates of $390.83 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. Sell-side analysts predict that Chart Industries will post 5.18 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently made changes to their positions in GTLS. Janney Montgomery Scott LLC boosted its stake in shares of Chart Industries by 23.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,692 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 317 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries in the 4th quarter valued at $2,040,000. Commonwealth Equity Services LLC boosted its stake in shares of Chart Industries by 19.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,579 shares of the industrial products company’s stock valued at $570,000 after purchasing an additional 594 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in Chart Industries during the 4th quarter valued at $5,354,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in Chart Industries by 4.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 68,910 shares of the industrial products company’s stock valued at $10,990,000 after buying an additional 2,880 shares during the period.

About Chart Industries

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

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