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

Chart Industries (NYSE:GTLS) had its price target cut by stock analysts at Craig Hallum from $229.00 to $199.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Craig Hallum’s price target would suggest a potential upside of 68.33% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley assumed coverage on Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price on the stock. Bank of America raised their price objective 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. Piper Sandler upped their target price on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, May 6th. The Goldman Sachs Group increased their target price on shares of Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, TD Cowen upped their price objective on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.46.

Chart Industries Stock Down 6.2 %

NYSE GTLS traded down $7.79 on Monday, hitting $118.22. 766,393 shares of the stock were exchanged, compared to its average volume of 565,027. Chart Industries has a fifty-two week low of $109.48 and a fifty-two week high of $184.65. The company has a 50-day moving average price of $149.82 and a 200-day moving average price of $145.64. The company has a market cap of $5.06 billion, a PE ratio of 117.89, a PEG ratio of 0.44 and a beta of 1.74. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last issued its 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). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts anticipate that Chart Industries will post 11.56 EPS for the current fiscal year.

Institutional Trading of Chart Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Chart Industries during the fourth quarter worth $57,415,000. DAVENPORT & Co LLC acquired a new position in shares of Chart Industries during the 1st quarter worth $42,507,000. Gates Capital Management Inc. increased its holdings in shares of Chart Industries by 50.5% in the 4th quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock valued at $92,323,000 after purchasing an additional 227,280 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at about $27,672,000. Finally, Boston Partners purchased a new stake in Chart Industries during the first quarter worth about $30,755,000.

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.