Chart Industries' (GTLS) Market Perform Rating Reaffirmed at Raymond James Financial

Key Points

• Chart Industries (GTLS) has received a "market perform" rating from Raymond James Financial, reaffirming its current stance on the stock.
• Goldman Sachs set a price target of $180.00, while Wells Fargo adjusted their target to $208.00, indicating varying outlooks among different analysts.
• The company's stock has a one-year high of $220.03 and a low of $101.60, highlighting significant volatility in its market performance.

Raymond James Financial restated their market perform rating on shares of Chart Industries (NYSE:GTLS - Free Report) in a report released on Wednesday,Benzinga reports.

GTLS has been the subject of several other reports. Wells Fargo & Company decreased their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Barclays dropped their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. TD Cowen dropped their target price on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley lowered their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $202.00.

Chart Industries Stock Performance

Shares of Chart Industries stock traded down $0.08 during trading hours on Wednesday, reaching $198.75. The company's stock had a trading volume of 12,015,201 shares, compared to its average volume of 3,092,197. The stock has a market cap of $8.93 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. The company's 50 day simple moving average is $162.50 and its 200 day simple moving average is $163.55. 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 1.04, a quick ratio of 1.27 and a current ratio of 1.55.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, analysts expect that Chart Industries will post 9.02 EPS for the current fiscal year.

Institutional Trading of Chart Industries

Large investors have recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in shares of Chart Industries by 47.3% in the 4th quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company's stock valued at $4,035,000 after buying an additional 6,785 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Chart Industries in the 4th quarter valued at approximately $316,000. Norges Bank acquired a new stake in shares of Chart Industries in the 4th quarter valued at approximately $88,609,000. Pictet Asset Management Holding SA boosted its holdings in shares of Chart Industries by 17.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,260 shares of the industrial products company's stock valued at $1,195,000 after buying an additional 918 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Chart Industries by 16.8% in the 4th quarter. Schroder Investment Management Group now owns 59,215 shares of the industrial products company's stock valued at $11,286,000 after buying an additional 8,507 shares during the last quarter.

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.