Chart Industries (NASDAQ:GTLS) has been assigned a $71.00 price objective by investment analysts at Northcoast Research in a research note issued to investors on Monday. The firm currently has a “buy” rating on the industrial products company’s stock. Northcoast Research’s target price indicates a potential upside of 22.63% from the company’s current price. Northcoast Research also issued estimates for Chart Industries’ Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.74 EPS, Q3 2019 earnings at $0.81 EPS and FY2019 earnings at $2.95 EPS.
Other research analysts have also issued reports about the stock. TheStreet upgraded shares of Chart Industries from a “c” rating to a “b-” rating in a research note on Friday, March 2nd. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, February 8th. BidaskClub lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Lake Street Capital restated a “buy” rating and set a $71.00 price target (up from $64.00) on shares of Chart Industries in a research report on Thursday, April 19th. Finally, Craig Hallum upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Chart Industries currently has a consensus rating of “Buy” and an average target price of $62.17.
Chart Industries stock opened at $57.90 on Monday. Chart Industries has a 1-year low of $32.04 and a 1-year high of $63.23. The company has a market capitalization of $1,918.55, a P/E ratio of 60.31, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.54.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GTLS. Legal & General Group Plc grew its position in shares of Chart Industries by 8.9% during the 3rd quarter. Legal & General Group Plc now owns 62,936 shares of the industrial products company’s stock valued at $2,469,000 after purchasing an additional 5,150 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Chart Industries by 7.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 239,213 shares of the industrial products company’s stock valued at $9,385,000 after purchasing an additional 16,034 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Chart Industries during the 4th quarter valued at $239,000. Moody National Bank Trust Division purchased a new position in shares of Chart Industries during the 4th quarter valued at $228,000. Finally, Granite Investment Partners LLC grew its position in shares of Chart Industries by 12.6% during the 4th quarter. Granite Investment Partners LLC now owns 322,777 shares of the industrial products company’s stock valued at $15,125,000 after purchasing an additional 36,019 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.