In a report released today, Walter Liptak from Seaport Global maintained a Buy rating on Chart Industries (GTLS – Research Report), with a price target of $235.00. The company’s shares closed last Friday at $155.00.
Liptak covers the Industrials sector, focusing on stocks such as Chart Industries, Federal Signal, and Gibraltar Industries. According to TipRanks, Liptak has an average return of 9.8% and a 58.66% success rate on recommended stocks.
Chart Industries has an analyst consensus of Moderate Buy, with a price target consensus of $195.69, which is a 26.25% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $265.00 price target.
Based on Chart Industries’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $950.7 million and a net profit of $11.3 million. In comparison, last year the company earned a revenue of $531.5 million and had a GAAP net loss of $15 million
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Chart Industries (GTLS) Company Description:
Chart Industries, Inc. engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Energy and Chemicals Cryogenics, Distribution and Storage Western Hemisphere, Distribution & Storage Eastern Hemisphere, and Energy and Chemicals FinFans. The Energy and Chemicals Cryogenics segment supplies engineered equipment and technology-driven process systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases. The Distribution and Storage Western and Eastern Hemisphere segment designs, manufactures, and services cryogenic solutions for the storage and delivery of cryogenic liquids used in industrial gas and LNG applications in different geographical regions. The Energy and Chemicals FinFans facilitates major natural gas, petrochemical processing, petroleum refining, power generation and industrial gas companies in the production of their products. The company was founded in 1992 and is headquartered in Ball Ground, GA.
Read More on GTLS:
- Chart Industries backs FY24 adjusted EPS view $12.00-$14.00, consensus $10.56
- Chart Industries reports Q1 adjusted EPS $1.49, consensus $1.55
- GTLS Upcoming Earnings Report: What to Expect?
- Tesla downgraded, eBay upgraded: Wall Street’s top analyst calls
- Chart Industries resumed with an Equal Weight at Morgan Stanley
