Chart Industries (NYSE:GTLS) Stock Rating Lowered by Johnson Rice

Key Points

• Chart Industries (NYSE:GTLS) received a "hold" rating from Johnson Rice with a price target set at $210.00, suggesting a potential upside of 5.44%.
• Other analysts have varied price targets and ratings, with Stifel Nicolaus lowering their target to $214.00 while Goldman Sachs set theirs at $180.00.
• The company's latest earnings report showed $2.59 earnings per share, missing estimates, with a revenue of $1.08 billion compared to expectations of $1.11 billion.

Chart Industries (NYSE:GTLS - Get Free Report) was downgraded by investment analysts at Johnson Rice from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, July 30th, Marketbeat Ratings reports. They presently have a $210.00 target price on the industrial products company's stock. Johnson Rice's price objective would suggest a potential upside of 5.54% from the stock's current price.

GTLS has been the subject of several other research reports. Stifel Nicolaus decreased their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. TD Cowen decreased their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group restated a "neutral" rating and set a $210.00 target price (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Finally, Barclays dropped their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $202.00.

Chart Industries Price Performance

NYSE GTLS traded up $0.03 on Wednesday, hitting $198.98. 3,098,555 shares of the company's stock were exchanged, compared to its average volume of 3,698,860. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 1.15 and a beta of 1.59. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. Chart Industries has a 52 week low of $101.60 and a 52 week high of $220.03. The stock has a 50-day moving average of $164.80 and a 200-day moving average of $163.92.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.11 billion. Analysts expect that Chart Industries will post 9.02 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

Institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC lifted its stake in Chart Industries by 46.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,523 shares of the industrial products company's stock valued at $1,239,000 after acquiring an additional 2,385 shares during the period. Savant Capital LLC bought a new position in Chart Industries during the second quarter valued at approximately $579,000. Cetera Trust Company N.A boosted its holdings in Chart Industries by 16.4% in the second quarter. Cetera Trust Company N.A now owns 1,775 shares of the industrial products company's stock worth $292,000 after purchasing an additional 250 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in Chart Industries by 18.2% in the second quarter. EFG Asset Management North America Corp. now owns 24,224 shares of the industrial products company's stock worth $3,986,000 after purchasing an additional 3,726 shares during the last quarter. Finally, Hiddenite Capital Partners LP bought a new stake in Chart Industries in the 2nd quarter worth approximately $10,291,000.

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.