Raymond James Reiterates Strong-Buy Rating for Chart Industries (NYSE:GTLS)

Chart Industries (NYSE:GTLS)‘s stock had its “strong-buy” rating reiterated by investment analysts at Raymond James in a research note issued on Monday,Benzinga reports. They presently have a $190.00 price objective on the industrial products company’s stock. Raymond James’ target price suggests a potential downside of 0.80% from the company’s previous close.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group lowered their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Barclays dropped their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Bank of America lowered their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stifel Nicolaus upped their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Trading Down 0.9 %

NYSE GTLS traded down $1.71 during trading on Monday, reaching $191.54. 192,839 shares of the stock traded hands, compared to its average volume of 656,228. The stock’s 50-day moving average price is $143.84 and its 200 day moving average price is $139.86. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 55.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.71. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $196.91.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Chart Industries’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts predict that Chart Industries will post 9.03 EPS for the current year.

Insider Activity at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 1,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $113.50 per share, with a total value of $113,500.00. Following the transaction, the director now owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This trade represents a 10.37 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock worth $482,278 in the last 90 days. 0.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chart Industries

Several institutional investors have recently bought and sold shares of GTLS. Ashton Thomas Securities LLC purchased a new stake in Chart Industries in the third quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in shares of Chart Industries during the 2nd quarter valued at about $40,000. UMB Bank n.a. grew its stake in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares during the period. Ecofi Investissements SA acquired a new stake in shares of Chart Industries during the 2nd quarter worth about $50,000. Finally, Central Bank & Trust Co. purchased a new stake in Chart Industries in the second quarter valued at approximately $86,000.

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.