Chart Industries (GTLS) Given a $50.00 Price Target at Cowen

Cowen set a $50.00 price objective on Chart Industries (NASDAQ:GTLS) in a research report report published on Thursday. The brokerage currently has a hold rating on the industrial products company’s stock.

GTLS has been the subject of a number of other reports. Zacks Investment Research raised Chart Industries from a hold rating to a strong-buy rating and set a $50.00 target price for the company in a report on Wednesday, November 1st. Lake Street Capital increased their target price on Chart Industries from $48.00 to $55.00 and gave the stock a buy rating in a report on Friday, October 27th. Johnson Rice reissued a buy rating and issued a $48.00 target price (up from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. BidaskClub cut Chart Industries from a buy rating to a hold rating in a report on Wednesday, December 20th. Finally, Northcoast Research raised Chart Industries from a neutral rating to a buy rating and set a $51.00 target price for the company in a report on Monday, October 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Chart Industries has an average rating of Buy and a consensus target price of $52.67.

Shares of Chart Industries (NASDAQ:GTLS) traded up $0.83 on Thursday, hitting $52.62. The stock had a trading volume of 226,288 shares, compared to its average volume of 258,703. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $53.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13. The firm has a market cap of $1,620.00, a PE ratio of -751.71, a PEG ratio of 1.53 and a beta of 1.33.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The business had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $235.96 million. During the same period in the prior year, the firm posted $0.53 EPS. Chart Industries’s quarterly revenue was up 17.9% compared to the same quarter last year. analysts anticipate that Chart Industries will post 0.84 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. Schwab Charles Investment Management Inc. grew its position in Chart Industries by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 223,179 shares of the industrial products company’s stock worth $7,752,000 after acquiring an additional 6,892 shares during the last quarter. First Trust Advisors LP bought a new stake in Chart Industries during the 2nd quarter worth approximately $1,128,000. SG Americas Securities LLC grew its position in Chart Industries by 42.7% during the 2nd quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 1,992 shares during the last quarter. Legal & General Group Plc grew its position in Chart Industries by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 57,786 shares of the industrial products company’s stock worth $2,007,000 after acquiring an additional 4,778 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Chart Industries by 48.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,644 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 4,463 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

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About Chart Industries

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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