Wells Fargo & Company Cuts Chart Industries (NYSE:GTLS) Price Target to $214.00

Chart Industries (NYSE:GTLS) had its target price trimmed by Wells Fargo & Company from $215.00 to $214.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other analysts have also issued reports on GTLS. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus upped their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Trading Down 0.3 %

GTLS opened at $166.07 on Monday. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 48.14, a P/E/G ratio of 0.57 and a beta of 1.84. The stock’s 50 day moving average price is $198.68 and its 200-day moving average price is $164.37. 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 released its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 EPS. On average, equities analysts forecast that Chart Industries will post 9.02 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

Large investors have recently made changes to their positions in the business. Archford Capital Strategies LLC increased its position in shares of Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after acquiring an additional 48 shares during the period. First Manhattan CO. LLC. increased its position in shares of Chart Industries by 3.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 54 shares during the period. MML Investors Services LLC increased its position in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 63 shares during the period. Assetmark Inc. increased its position in shares of Chart Industries by 3.0% in the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 64 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 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.