The Goldman Sachs Group downgraded shares of Chart Industries (NYSE:GTLS – Get 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
Chart Industries Company Profile
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.
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