Barclays Cuts Chart Industries (NYSE:GTLS) Price Target to $169.00

Chart Industries (NYSE:GTLS - Get Free Report) had its price target reduced by investment analysts at Barclays from $171.00 to $169.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the industrial products company's stock. Barclays's target price indicates a potential upside of 0.66% from the stock's previous close.

A number of other analysts also recently commented on GTLS. Wells Fargo & Company dropped their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. TD Cowen dropped their price target 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. Finally, Morgan Stanley dropped their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has an average rating of "Buy" and a consensus price target of $199.82.

Chart Industries Stock Down 1.2%

GTLS stock traded down $1.99 during mid-day trading on Thursday, hitting $167.90. 394,483 shares of the company were exchanged, compared to its average volume of 787,801. The company has a market capitalization of $7.67 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 0.66 and a beta of 1.68. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. Chart Industries has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a fifty day simple moving average of $157.99 and a 200 day simple moving average of $166.42.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The company's revenue for the quarter was up 38.8% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. On average, research analysts forecast that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. First Manhattan CO. LLC. increased its stake in Chart Industries by 3.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after buying an additional 54 shares during the period. Assetmark Inc. increased its stake in Chart Industries by 3.0% in the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock valued at $417,000 after buying an additional 64 shares during the period. Xponance Inc. increased its stake in Chart Industries by 1.4% in the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after buying an additional 85 shares during the period. Smartleaf Asset Management LLC increased its stake in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after buying an additional 92 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after buying an additional 98 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.