Northland Securities Boosts Price Target on Chart Indust (GTLS)
Investment analysts at Northland Securities increased their target price on shares of Chart Indust (NASDAQ: GTLS) from $80.00 to $88.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
Shares of Chart Indust opened at 77.48 on Friday. Chart Indust has a 52 week low of $35.75 and a 52 week high of $79.29. The company has a market cap of $2.296 billion and a P/E 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. On average, analysts predict that Chart Indust will post $0.78 earnings per share next quarter.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of Chart Indust in a research note to investors on Wednesday, February 29th. They set an “overweight” rating on the stock.
Chart Industries, Inc. (Chart) is a manufacturer of engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases.