Morgan Stanley Lowers Chart Industries (NYSE:GTLS) Price Target to $250.00

Chart Industries (NYSE:GTLS) had its price objective decreased by Morgan Stanley from $275.00 to $250.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 69.51% from the company’s current price.

Other analysts also recently issued research reports about the stock. Citigroup increased their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Stifel Nicolaus raised their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Finally, Barclays lifted their target price on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.33.

Chart Industries Stock Down 4.0 %

GTLS opened at $147.48 on Thursday. The business’s fifty day moving average is $181.51 and its two-hundred day moving average is $167.91. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 0.57 and a beta of 1.87. Chart Industries has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $2.25 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that Chart Industries will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,109 shares of company stock valued at $160,845. 0.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chart Industries

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Chart Industries during the 4th quarter worth approximately $581,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in Chart Industries during the 4th quarter worth $6,917,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Chart Industries during the fourth quarter valued at $11,498,000. Neo Ivy Capital Management bought a new position in shares of Chart Industries in the 4th quarter valued at about $1,783,000. Finally, Hudson Value Partners LLC bought a new position in Chart Industries in the fourth quarter valued at approximately $1,286,000.

Chart Industries Company Profile

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.