Chart Industries (NYSE:GTLS) Given New $199.00 Price Target at Craig Hallum

Chart Industries (NYSE:GTLS) had its price objective lowered by Craig Hallum from $229.00 to $199.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts have also issued reports about the company. TD Cowen raised their price target on Chart Industries from $260.00 to $265.00 and gave the stock a buy rating in a research report on Monday, May 6th. Barclays began coverage on Chart Industries in a research report on Wednesday, May 8th. They issued an equal weight rating and a $193.00 target price for the company. Bank of America boosted their price target on shares of Chart Industries from $180.00 to $185.00 and gave the stock a buy rating in a research note on Monday, July 15th. Morgan Stanley assumed coverage on shares of Chart Industries in a research note on Thursday, April 18th. They issued an equal weight rating and a $200.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on shares of Chart Industries from $150.00 to $168.00 and gave the stock a neutral rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of Moderate Buy and an average price target of $189.31.

Chart Industries Stock Up 5.5 %

Shares of GTLS opened at $119.27 on Monday. The company’s 50-day moving average price is $147.00 and its 200 day moving average price is $145.12. Chart Industries has a 12-month low of $109.48 and a 12-month high of $184.65. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market cap of $5.10 billion, a P/E ratio of 119.27, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. Chart Industries’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share. On average, sell-side analysts forecast that Chart Industries will post 11.56 earnings per share for the current year.

Institutional Trading of Chart Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors increased its holdings in shares of Chart Industries by 0.4% in the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock valued at $679,814,000 after acquiring an additional 17,450 shares during the last quarter. Vanguard Group Inc. increased its stake in Chart Industries by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock valued at $693,243,000 after purchasing an additional 45,137 shares during the last quarter. Bamco Inc. NY raised its holdings in Chart Industries by 2.2% during the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares in the last quarter. King Luther Capital Management Corp lifted its position in shares of Chart Industries by 8.6% during the 4th quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company’s stock worth $126,819,000 after buying an additional 73,586 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Chart Industries by 10.7% in the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after buying an additional 74,519 shares in the last quarter.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.