Global Hunter Securities Boosts Price Target on Chart Indust (GTLS)
Global Hunter Securities increased their price target on shares of Chart Indust (NASDAQ: GTLS) from $83.00 to $92.00 in a research note issued on Friday. The firm currently has an “accumulate” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities raised their price target on shares of Chart Indust from $80.00 to $88.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at William Blair initiated coverage on shares of Chart Indust in a research note to investors on Monday, March 19th. They set a “market perform” rating on the stock. Finally, analysts at Johnson Rice downgraded shares of Chart Indust from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, February 29th.
Chart Indust opened at 77.48 on Friday. Chart Indust has a 1-year low of $35.75 and a 1-year high of $79.29. The company has a market cap of $2.296 billion and a price-to-earnings ratio of 52.71.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.47 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.51 EPS by $0.04. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts expect that Chart Indust will post $0.78 EPS next quarter.
Chart Industries, Inc. (Chart) is a manufacturer of engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases.