Chart Industries (NYSE:GTLS) Now Covered by Morgan Stanley

Research analysts at Morgan Stanley started coverage on shares of Chart Industries (NYSE:GTLS - Get Free Report) in a research note issued on Thursday, MarketBeat reports. The brokerage set an "equal weight" rating and a $200.00 price target on the industrial products company's stock. Morgan Stanley's price target would indicate a potential upside of 34.62% from the company's previous close.

Several other analysts have also recently issued reports on the stock. Raymond James upgraded shares of Chart Industries from an "outperform" rating to a "strong-buy" rating and set a $190.00 target price on the stock in a research report on Thursday, January 4th. UBS Group raised Chart Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Wells Fargo & Company lifted their target price on Chart Industries from $155.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. Finally, TD Cowen increased their price target on Chart Industries from $230.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $194.85.

Chart Industries Price Performance

Shares of Chart Industries stock traded up $0.98 during trading on Thursday, reaching $148.57. 446,329 shares of the stock traded hands, compared to its average volume of 615,523. Chart Industries has a 52-week low of $106.66 and a 52-week high of $184.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88. The business has a fifty day simple moving average of $145.55 and a two-hundred day simple moving average of $136.85. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 390.97, a P/E/G ratio of 0.41 and a beta of 1.70.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the firm earned $1.67 EPS. The company's revenue for the quarter was up 130.0% on a year-over-year basis. Sell-side analysts expect that Chart Industries will post 11.79 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

Hedge funds have recently added to or reduced their stakes in the stock. KB Financial Partners LLC bought a new position in Chart Industries in the first quarter worth approximately $28,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries in the 1st quarter worth $30,000. Rise Advisors LLC grew its position in shares of Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company's stock worth $33,000 after buying an additional 181 shares in the last quarter. Belpointe Asset Management LLC increased its stake in shares of Chart Industries by 164.6% during the first quarter. Belpointe Asset Management LLC now owns 217 shares of the industrial products company's stock valued at $27,000 after buying an additional 135 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Chart Industries by 645.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 200 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.