Chart Industries (NYSE:GTLS) Price Target Lowered to $199.00 at Craig Hallum

Chart Industries (NYSE:GTLS) had its target price reduced by Craig Hallum from $229.00 to $199.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on GTLS. Stifel Nicolaus lowered their price target on Chart Industries from $220.00 to $199.00 and set a buy rating on the stock in a research report on Monday. Bank of America upped their target price on shares of Chart Industries from $180.00 to $185.00 and gave the stock a buy rating in a report on Monday, July 15th. TD Cowen lifted their price target on shares of Chart Industries from $260.00 to $265.00 and gave the company a buy rating in a report on Monday, May 6th. Morgan Stanley assumed coverage on shares of Chart Industries in a research note on Thursday, April 18th. They set an equal weight rating and a $200.00 price objective on the stock. Finally, Barclays assumed coverage on shares of Chart Industries in a research note on Wednesday, May 8th. They issued an equal weight rating and a $193.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $189.31.

Chart Industries Price Performance

NYSE:GTLS opened at $119.27 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. The company has a 50-day moving average of $147.00 and a 200-day moving average of $145.12. Chart Industries has a 52 week low of $109.48 and a 52 week high of $184.65. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 119.27, a PEG ratio of 0.44 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 EPS. As a group, equities research analysts anticipate that Chart Industries will post 11.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GTLS. EFG Asset Management North America Corp. increased its stake in shares of Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Chart Industries by 3.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 64 shares during the period. Banque Cantonale Vaudoise raised its holdings in Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after purchasing an additional 85 shares during the last quarter. Arizona State Retirement System raised its holdings in Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 87 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Chart Industries by 4.7% during the 4th quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 99 shares during the period.

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.