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

Chart Industries (NYSE:GTLS - Get Free Report) had its target price decreased by investment analysts at Barclays from $171.00 to $169.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the industrial products company's stock. Barclays's price target indicates a potential downside of 0.65% from the stock's previous close.

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

Chart Industries Stock Performance

Shares of GTLS traded up $1.28 on Thursday, reaching $170.10. The company's stock had a trading volume of 470,631 shares, compared to its average volume of 789,375. The stock has a market capitalization of $7.77 billion, a P/E ratio of 34.36, a PEG ratio of 0.66 and a beta of 1.68. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The stock's 50 day simple moving average is $157.99 and its two-hundred day simple moving average is $166.42. Chart Industries has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.86 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 return on equity of 13.93% and a net margin of 5.93%. The firm's revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 earnings per share. Research analysts forecast that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan CO. LLC. boosted its position in shares of Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after purchasing an additional 54 shares in the last quarter. Assetmark Inc. raised its position in shares of Chart Industries by 3.0% in the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after buying an additional 64 shares during the period. Xponance Inc. increased its holdings 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 purchasing an additional 85 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after buying an additional 98 shares in the last quarter.

Chart Industries Company Profile

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.