Chart Industries (NYSE:GTLS) Price Target Cut to $214.00 by Analysts at Wells Fargo & Company

Chart Industries (NYSE:GTLS) had its price objective cut by Wells Fargo & Company from $215.00 to $214.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other analysts have also recently commented on GTLS. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays lowered their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.54.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $163.97 on Monday. The firm has a market cap of $7.02 billion, a PE ratio of 47.53, a PEG ratio of 0.57 and a beta of 1.84. The firm has a fifty day moving average of $199.18 and a 200 day moving average of $164.01. 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 has a one year low of $101.60 and a one year high of $220.03.

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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $2.25 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts predict that Chart Industries will post 9.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Chart Industries in the 4th quarter valued at about $11,498,000. Neo Ivy Capital Management purchased a new stake in Chart Industries in the fourth quarter valued at approximately $1,783,000. Hudson Value Partners LLC purchased a new stake in shares of Chart Industries during the 4th quarter valued at $1,286,000. GTS Securities LLC purchased a new stake in shares of Chart Industries during the 4th quarter valued at $252,000. Finally, Castleark Management LLC grew its stake in shares of Chart Industries by 53.1% during the 4th quarter. Castleark Management LLC now owns 36,220 shares of the industrial products company’s stock valued at $6,912,000 after buying an additional 12,560 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.