Barclays Issues Pessimistic Forecast for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its price target trimmed by Barclays from $146.00 to $145.00 in a report published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on GTLS. Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group reduced their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus decreased their price objective on Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Stock Down 1.6 %

Chart Industries stock opened at $163.29 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a market capitalization of $6.99 billion, a PE ratio of 47.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71. The business has a 50 day simple moving average of $124.06 and a 200-day simple moving average of $137.24. Chart Industries has a 12 month low of $101.60 and a 12 month high of $171.68.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. On average, analysts anticipate that Chart Industries will post 9 EPS for the current fiscal year.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Linda S. Harty acquired 1,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $113.50 per share, with a total value of $113,500.00. Following the transaction, the director now owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Chart Industries during the 1st quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new stake in Chart Industries during the 3rd quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new stake in Chart Industries during the 2nd quarter worth approximately $40,000. UMB Bank n.a. boosted its position in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares during the period. Finally, Ecofi Investissements SA acquired a new position in shares of Chart Industries in the second quarter worth $50,000.

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.