UBS Group Reaffirms Neutral Rating for Chart Industries (NYSE:GTLS)

Key Points

• UBS Group has reiterated a "neutral" rating for Chart Industries (GTLS) and reduced its price target from $225.00 to $210.00, indicating a potential upside of 5.33% based on the stock's recent close.
• Recent reports from other brokerages show a range of price targets for GTLS, with Barclays setting a new low of $169.00 and Stifel Nicolaus adjusting their target to $214.00.
• Chart Industries reported earnings that missed analysts' expectations, with a quarterly EPS of $2.59 against a consensus estimate of $2.62.

Chart Industries (NYSE:GTLS - Get Free Report)'s stock had its "neutral" rating reiterated by UBS Group in a note issued to investors on Wednesday, July 30th, Marketbeat Ratings reports. They currently have a $210.00 price target on the industrial products company's stock, down from their previous price target of $225.00. UBS Group's price objective suggests a potential upside of 5.54% from the stock's current price.

A number of other equities analysts also recently issued reports on GTLS. Morgan Stanley decreased their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Finally, Barclays dropped their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $202.00.

Chart Industries Stock Performance

GTLS stock traded up $0.03 during midday trading on Wednesday, reaching $198.98. 3,098,555 shares of the company's stock traded hands, compared to its average volume of 3,698,860. The company has a 50-day moving average price of $164.05 and a two-hundred day moving average price of $163.68. The firm has a market capitalization of $8.94 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. 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 has a 52 week low of $101.60 and a 52 week high of $220.03.

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

Institutional Trading of Chart Industries

Several large investors have recently made changes to their positions in GTLS. Capital Analysts LLC purchased a new stake in Chart Industries during the fourth quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chart Industries in the first quarter valued at about $25,000. Global X Japan Co. Ltd. raised its position in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after buying an additional 199 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Chart Industries in the first quarter valued at about $30,000.

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.