Wells Fargo Lowers Price Target for Chart Industries to $214.00

On March 4, 2025, Wells Fargo & Company announced a decrease in the price target for Chart Industries (NYSE:GTLS) from $215.00 to $214.00 according to a research report released that morning. The financial institution maintains an overweight rating on the stock of this industrial products company.

Other analysts have also provided updates regarding Chart Industries. TD Cowen raised their target price from $205.00 to $210.00, maintaining a “buy” rating in a report issued on the same day. Meanwhile, Stifel Nicolaus increased their price target from $200.00 to $231.00 and affirmed a “buy” rating in their research published on December 31. Citigroup made a similar upward adjustment, raising the target from $190.00 to $225.00 while also assigning a “buy” rating, as noted in their report on February 13. Conversely, Barclays reduced their price target from $146.00 to $145.00, labeling the stock with an “equal weight” rating in a November report. Additionally, Goldman Sachs upped their target from $138.00 to $201.00 and now rates the stock as “neutral.” Overall, market sentiment appears somewhat positive, with three analysts issuing a hold rating, nine advising a buy, and two giving a strong buy. According to MarketBeat.com, Chart Industries holds an average rating of "Moderate Buy" alongside an average price target set at $192.54.

Chart Industries Stock Performance

The shares of Chart Industries opened at $163.97 on Monday. The company has a market capitalization of $7.02 billion, a price-to-earnings (P/E) ratio of 47.53, and a price/earnings to growth (P/E/G) ratio of 0.57, with a beta of 1.84. Over the past year, the stock has experienced a low of $101.60 and a high of $220.03. The company’s 50-day moving average sits at $199.18, while the 200-day moving average is $164.01. Financial indicators show a quick ratio of 1.00, a current ratio of 1.27, and a debt-to-equity ratio of 1.16.

Chart Industries recently reported its earnings results on February 28, where it disclosed earnings of $2.66 per share for the quarter. This figure fell short of analysts' consensus estimate of $3.20 by $0.54. The reported revenue for the quarter was $1.11 billion, which was lower than the expected $1.17 billion. The company achieved a net margin of 4.30% and a return on equity of 13.25%. Compared to the same quarter last year, revenue increased by 9.0%, while last year’s earnings per share stood at $2.25. Analysts are projecting that Chart Industries will post an earnings per share (EPS) of 9.02 for the current fiscal year.

Institutional Investor Activity

Several hedge funds have recently adjusted their positions in Chart Industries. For instance, Private Advisor Group LLC acquired a new stake in the company during the third quarter valued at $205,000. The State of Alaska Department of Revenue increased its shareholding by 7.3% in the same period, now owning 4,868 shares valued at $604,000 after buying an additional 330 shares. Janney Montgomery Scott LLC raised its holdings by 67.0%, bringing its total to 54,343 shares worth $6,746,000. Similarly, Malaga Cove Capital LLC enhanced its stake by 62.0%, now owning 9,215 shares valued at $1,144,000 after purchasing 3,526 more shares. Lastly, Woodmont Investment Counsel LLC increased its holding by 17.5%, acquiring 27,782 shares valued at $3,449,000 after adding 4,131 shares.

Company Overview

Chart Industries, Inc. is involved in the design, engineering, and manufacturing of process technologies and equipment related to gas and liquid molecules, operating both in the United States and internationally. The company is divided into four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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