Morgan Stanley Begins Coverage on Chart Industries (NYSE:GTLS)

Morgan Stanley began coverage on shares of Chart Industries (NYSE:GTLS) in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $200.00 price objective on the industrial products company’s stock.

GTLS has been the subject of several other research reports. UBS Group upgraded Chart Industries from a neutral rating to a buy rating and boosted their target price for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Wells Fargo & Company boosted their target price on Chart Industries from $155.00 to $172.00 and gave the stock an overweight rating in a research note on Friday, March 1st. TD Cowen boosted their target price on Chart Industries from $230.00 to $260.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. Finally, Raymond James upgraded Chart Industries from an outperform rating to a strong-buy rating and set a $190.00 target price for the company in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $194.85.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $148.04 on Thursday. Chart Industries has a one year low of $106.66 and a one year high of $184.65. The company has a market cap of $6.22 billion, a PE ratio of 389.58, a P/E/G ratio of 0.41 and a beta of 1.70. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The business has a 50-day simple moving average of $146.06 and a 200-day simple moving average of $136.42.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was up 130.0% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries will post 11.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Several large investors have recently modified their holdings of the stock. Capital World Investors raised its stake in shares of Chart Industries by 0.4% during the fourth quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock worth $679,814,000 after purchasing an additional 17,450 shares during the last quarter. Vanguard Group Inc. grew its holdings in Chart Industries by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,163,475 shares of the industrial products company’s stock worth $567,607,000 after acquiring an additional 39,130 shares during the period. Nordea Investment Management AB grew its holdings in Chart Industries by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after acquiring an additional 101,404 shares during the period. Wellington Management Group LLP grew its holdings in Chart Industries by 63.1% during the first quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company’s stock worth $230,071,000 after acquiring an additional 517,951 shares during the period. Finally, State Street Corp grew its holdings in Chart Industries by 1.7% during the third quarter. State Street Corp now owns 1,153,477 shares of the industrial products company’s stock worth $212,643,000 after acquiring an additional 19,413 shares during the period.

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.