Chart Industries (GTLS) Receives Price Target

Chart Industries (GTLS) : The most positive equity analysts on Chart Industries (GTLS) expects the shares to touch $34, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $28.36 with an expected fluctuation of $4.08 from the mean.

Chart Industries (GTLS) : 10 analysts are covering Chart Industries (GTLS) and their average rating on the stock is 2.1, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Chart Industries (GTLS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In the latest statement by the brokerage house, Evercore ISI Group downgrades its outlook on Chart Industries (NASDAQ:GTLS). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 4, 2016.

Chart Industries (NASDAQ:GTLS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.08 and $29.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.56, notching a gain of 1.46% for the day. The total traded volume was 335,529 . The stock had closed at $30.12 on the previous day.

Chart Industries, Inc. (Chart) is a diversified manufacturer of engineered equipment engineered equipment for the industrial gas, energy, and biomedical industries. The Companys equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical. Its products include vacuum insulated containment vessels, heat exchangers, cold boxes and other cryogenic components. Its E&C and D&S segments manufacture products used in energy-related and industrial applications, such as the separation, liquefaction, distribution and storage of hydrocarbon and industrial gases. Through its BioMedical segment, it supplies cryogenic and other equipment used in the medical, biological research and animal breeding industries. The Company, through Thermax, Inc., provides cryogenic fluid vaporizers utilized in industrial gas, petro-chemical and liquefied natural gas applications.

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