Stifel Nicolaus Cuts Chart Industries (NYSE:GTLS) Price Target to $220.00

Chart Industries (NYSE:GTLS) had its target price reduced by Stifel Nicolaus from $224.00 to $220.00 in a research note issued to investors on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also recently issued reports on GTLS. UBS Group raised Chart Industries from a neutral rating to a buy rating and upped their price objective for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Wells Fargo & Company increased their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an overweight rating in a research note on Friday, March 1st. Morgan Stanley assumed coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an equal weight rating and a $200.00 price objective for the company. TD Cowen increased their target price on shares of Chart Industries from $260.00 to $265.00 and gave the company a buy rating in a research report on Monday. Finally, Piper Sandler boosted their price target on shares of Chart Industries from $151.00 to $160.00 and gave the company a neutral rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $196.21.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $156.88 on Monday. The business has a 50-day simple moving average of $151.80 and a 200-day simple moving average of $136.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. Chart Industries has a one year low of $106.66 and a one year high of $184.65. The company has a market cap of $6.71 billion, a PE ratio of 156.88, a P/E/G ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $950.70 million for the quarter, compared to analyst estimates of $970.91 million. During the same quarter last year, the firm earned $1.41 EPS. The company’s revenue was up 76.7% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries will post 11.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Chart Industries in the 1st quarter valued at approximately $30,000. Spire Wealth Management increased its stake in Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after buying an additional 117 shares during the period. Cape Investment Advisory Inc. acquired a new position in Chart Industries in the 4th quarter valued at $33,000. Rise Advisors LLC raised its position in Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in shares of Chart Industries in the 4th quarter worth $77,000.

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.