Chart Industries (NYSE:GTLS) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Chart Industries (NYSE:GTLS) in a research note published on Thursday, Marketbeat.com reports. The firm issued an equal weight rating and a $200.00 price objective on the industrial products company’s stock.

A number of other research firms also recently weighed in on GTLS. UBS Group raised shares of Chart Industries from a neutral rating to a buy rating and increased their target price for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Wells Fargo & Company increased their target price on shares of Chart Industries from $155.00 to $172.00 and gave the company an overweight rating in a research report on Friday, March 1st. Raymond James raised shares of Chart Industries from an outperform rating to a strong-buy rating and set a $190.00 price objective for the company in a research report on Thursday, January 4th. Finally, TD Cowen raised their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the stock an outperform rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $194.85.

Chart Industries Stock Up 0.7 %

Shares of NYSE GTLS opened at $148.57 on Thursday. The company has a 50 day simple moving average of $145.55 and a 200 day simple moving average of $136.85. The firm has a market cap of $6.25 billion, a PE ratio of 390.97, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70. Chart Industries has a 1 year low of $106.66 and a 1 year 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.

Chart Industries (NYSE:GTLS) last released its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company’s revenue for the quarter was up 130.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. On average, research analysts forecast that Chart Industries will post 11.79 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

Several large investors have recently bought and sold shares of GTLS. Mackenzie Financial Corp raised its stake in shares of Chart Industries by 3.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 70 shares during the period. First Republic Investment Management Inc. raised its stake in shares of Chart Industries by 4.5% during the 1st quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 75 shares during the period. Banque Cantonale Vaudoise raised its stake in shares of Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after purchasing an additional 85 shares during the period. Johnson Investment Counsel Inc. raised its stake in shares of Chart Industries by 4.7% during the 4th quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 99 shares during the period. Finally, State of Michigan Retirement System raised its stake in shares of Chart Industries by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 100 shares during the period.

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.