Craig Hallum Lowers Chart Industries (NYSE:GTLS) Price Target to $199.00

Chart Industries (NYSE:GTLS) had its target price cut by equities researchers at Craig Hallum from $229.00 to $199.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Craig Hallum’s price target indicates a potential upside of 68.33% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. TD Cowen boosted 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, May 6th. Stifel Nicolaus reduced their target price on Chart Industries from $220.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday. Piper Sandler lifted their price target on Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Barclays assumed coverage on Chart Industries in a report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price objective for the company. Finally, Bank of America raised their price objective on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.46.

Chart Industries Price Performance

Shares of Chart Industries stock traded down $7.79 during trading on Monday, hitting $118.22. The stock had a trading volume of 766,393 shares, compared to its average volume of 565,027. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 117.89, a P/E/G ratio of 0.44 and a beta of 1.74. Chart Industries has a 12 month low of $109.48 and a 12 month high of $184.65. The business’s 50-day moving average is $149.82 and its 200 day moving average is $145.64. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 EPS. As a group, sell-side analysts anticipate that Chart Industries will post 11.56 earnings per share for the current year.

Institutional Trading of Chart Industries

Several large investors have recently modified their holdings of GTLS. Capital World Investors grew its stake in shares of Chart Industries by 0.4% during the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock valued at $679,814,000 after purchasing an additional 17,450 shares during the period. Vanguard Group Inc. increased its holdings in Chart Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock valued at $693,243,000 after buying an additional 45,137 shares during the last quarter. Bamco Inc. NY raised its position in Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after acquiring an additional 25,000 shares during the period. King Luther Capital Management Corp raised its position in Chart Industries by 8.6% in the fourth quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company’s stock worth $126,819,000 after acquiring an additional 73,586 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Chart Industries by 10.7% during the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock worth $111,209,000 after acquiring an additional 74,519 shares during the last quarter.

About Chart Industries

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.