The Goldman Sachs Group Downgrades Chart Industries (NYSE:GTLS) to Neutral

The Goldman Sachs Group downgraded shares of Chart Industries (NYSE:GTLSGet Rating) from a buy rating to a neutral rating in a research report released on Tuesday, MarketBeat Ratings reports. They currently have $150.00 target price on the industrial products company’s stock, down from their previous target price of $259.00.

GTLS has been the subject of a number of other research reports. Credit Suisse Group lifted their price objective on shares of Chart Industries from $224.00 to $240.00 and gave the stock an outperform rating in a report on Monday, October 31st. Wells Fargo & Company downgraded shares of Chart Industries from an overweight rating to an equal weight rating and reduced their price target for the company from $248.00 to $148.00 in a report on Monday, November 14th. They noted that the move was a valuation call. Craig Hallum boosted their price target on shares of Chart Industries from $243.00 to $249.00 and gave the company a buy rating in a report on Monday, October 31st. Jefferies Financial Group reduced their price target on shares of Chart Industries from $250.00 to $205.00 and set a buy rating for the company in a report on Wednesday, November 16th. Finally, Cowen boosted their price target on shares of Chart Industries from $195.00 to $225.00 in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of Moderate Buy and a consensus target price of $199.21.

Chart Industries Stock Performance

Chart Industries stock opened at $132.56 on Tuesday. The company has a market cap of $4.86 billion, a PE ratio of 72.44 and a beta of 1.48. The company has a fifty day moving average price of $190.70 and a two-hundred day moving average price of $185.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.23 and a quick ratio of 0.76. Chart Industries has a 12 month low of $108.29 and a 12 month high of $242.59.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its stake in shares of Chart Industries by 0.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 10,469 shares of the industrial products company’s stock valued at $1,930,000 after purchasing an additional 46 shares in the last quarter. Mackenzie Financial Corp raised its position in Chart Industries by 3.5% in the first quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 70 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Chart Industries by 1.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,001 shares of the industrial products company’s stock worth $1,004,000 after acquiring an additional 71 shares in the last quarter. First Republic Investment Management Inc. raised its position in Chart Industries by 4.5% in the first quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 75 shares in the last quarter. Finally, Natixis Advisors L.P. raised its position in Chart Industries by 0.4% in the first quarter. Natixis Advisors L.P. now owns 17,920 shares of the industrial products company’s stock worth $3,078,000 after acquiring an additional 77 shares in the last quarter.

Chart Industries Company Profile

(Get Rating)

Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

Featured Articles

Analyst Recommendations for Chart Industries (NYSE:GTLS)

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.