Wells Fargo & Company Has Lowered Expectations for Chart Industries (NYSE:GTLS) Stock Price

Chart Industries (NYSE:GTLS) had its price target lowered by Wells Fargo & Company from $215.00 to $214.00 in a report published on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

A number of other brokerages have also weighed in on GTLS. Barclays decreased their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. TD Cowen raised their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Finally, BTIG Research lifted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Price Performance

Shares of GTLS opened at $166.07 on Monday. The business’s 50-day moving average is $198.68 and its two-hundred day moving average is $164.37. The company has a market capitalization of $7.11 billion, a P/E ratio of 48.14, a P/E/G ratio of 0.57 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. Research analysts predict that Chart Industries will post 9.02 earnings per share for the current year.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently bought and sold shares of GTLS. Vanguard Group Inc. increased its stake in Chart Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock valued at $820,115,000 after purchasing an additional 59,889 shares during the period. Janus Henderson Group PLC increased its stake in Chart Industries by 2.2% in the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company’s stock valued at $307,046,000 after purchasing an additional 35,004 shares during the period. Dimensional Fund Advisors LP increased its stake in Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after purchasing an additional 291,520 shares during the period. King Luther Capital Management Corp increased its stake in Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after purchasing an additional 29,139 shares during the period. Finally, Geode Capital Management LLC increased its stake in Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after purchasing an additional 19,534 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.