Chart Industries (GTLS) Receives a Buy from Lake Street

In a report released today, Robert Brown from Lake Street maintained a Buy rating on Chart Industries (GTLS – Research Report), with a price target of $225.00. The company’s shares closed yesterday at $157.68.

According to TipRanks, Brown is a 5-star analyst with an average return of 18.1% and a 55.90% success rate. Brown covers the Industrials sector, focusing on stocks such as Enviri, Babcock & Wilcox Company, and Chart Industries.

Currently, the analyst consensus on Chart Industries is a Strong Buy with an average price target of $194.08, implying a 23.08% upside from current levels. In a report released on April 2, UBS also maintained a Buy rating on the stock with a $186.00 price target.

GTLS market cap is currently $6.67B and has a P/E ratio of 367.90.

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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.