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

Chart Industries (NYSE:GTLS) had its price target lowered by research analysts at Morgan Stanley from $275.00 to $250.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price target would indicate a potential upside of 63.54% from the company’s previous close.

Several other equities research analysts also recently issued reports on GTLS. Citigroup increased their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group increased their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Wells Fargo & Company cut their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Raymond James reissued a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Finally, TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $202.33.

Chart Industries Trading Down 2.6 %

GTLS stock traded down $4.10 during midday trading on Thursday, hitting $152.87. 119,475 shares of the company’s stock were exchanged, compared to its average volume of 657,280. 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. The company has a market cap of $6.98 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The stock’s fifty day moving average price is $184.12 and its 200-day moving average price is $167.75.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $2.25 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts predict that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock valued at $160,845 in the last quarter. Company insiders own 0.95% of the company’s stock.

Institutional Trading of Chart Industries

Several hedge funds and other institutional investors have recently modified their holdings of GTLS. Capital Analysts LLC bought a new stake in shares of Chart Industries in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 92 shares during the last quarter. Fairway Wealth LLC acquired a new position in Chart Industries during the 4th quarter worth approximately $34,000. Blue Trust Inc. increased its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter.

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.