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

Chart Industries (NYSE:GTLS) had its price target upped by Piper Sandler from $151.00 to $160.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen increased their price target on shares of Chart Industries from $260.00 to $265.00 and gave the company a buy rating in a report on Monday. UBS Group upgraded Chart Industries from a neutral rating to a buy rating and increased their target price for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Wells Fargo & Company boosted their price target on Chart Industries from $155.00 to $172.00 and gave the stock an overweight rating in a research note on Friday, March 1st. Finally, Morgan Stanley started coverage on Chart Industries in a report on Thursday, April 18th. They set an equal weight rating and a $200.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $196.21.

Chart Industries Trading Down 2.3 %

GTLS opened at $156.88 on Monday. 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 52 week low of $106.66 and a 52 week high of $184.65. The stock has a market cap of $6.71 billion, a PE ratio of 156.88, a PEG ratio of 0.43 and a beta of 1.73. The business has a 50 day moving average of $151.80 and a 200-day moving average of $136.07.

Chart Industries (NYSE:GTLS) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm’s revenue was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 earnings per share. Equities research analysts predict that Chart Industries will post 11.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB grew its holdings in Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after buying an additional 101,404 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Chart Industries by 10.4% in the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock valued at $19,055,000 after purchasing an additional 13,155 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Chart Industries in the fourth quarter worth $1,366,000. Peregrine Capital Management LLC raised its stake in Chart Industries by 13.0% during the fourth quarter. Peregrine Capital Management LLC now owns 77,666 shares of the industrial products company’s stock valued at $10,588,000 after purchasing an additional 8,938 shares in the last quarter. Finally, Readystate Asset Management LP lifted its position in Chart Industries by 94.5% during the fourth quarter. Readystate Asset Management LP now owns 23,605 shares of the industrial products company’s stock valued at $3,218,000 after purchasing an additional 11,471 shares during 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.