Morgan Stanley Begins Coverage on Chart Industries (NYSE:GTLS)

Stock analysts at Morgan Stanley assumed coverage on shares of Chart Industries (NYSE:GTLS) in a research report issued to clients and investors on Thursday, StockNewsAPI reports. The brokerage set an “equal weight” rating and a $200.00 price target on the industrial products company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 35.39% from the company’s current price.

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

Chart Industries Stock Down 0.3 %

GTLS stock opened at $147.72 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. Chart Industries has a one year low of $106.66 and a one year high of $184.65. The firm’s fifty day moving average is $144.96 and its 200 day moving average is $136.77. The firm has a market cap of $6.21 billion, a PE ratio of 388.74, a P/E/G ratio of 0.41 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 9.27% and a net margin of 1.00%. The business’s quarterly revenue was up 130.0% on a year-over-year basis. During the same period in the prior year, the company 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

A number of hedge funds and other institutional investors have recently bought and sold shares of GTLS. Register Financial Advisors LLC raised its position in Chart Industries by 1.7% during the 1st quarter. Register Financial Advisors LLC now owns 6,261 shares of the industrial products company’s stock worth $1,031,000 after buying an additional 105 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Chart Industries during the first quarter worth about $315,000. Beech Hill Advisors Inc. lifted its position in Chart Industries by 6.0% in the first quarter. Beech Hill Advisors Inc. now owns 21,130 shares of the industrial products company’s stock valued at $3,481,000 after purchasing an additional 1,200 shares during the period. Doliver Advisors LP boosted its holdings in Chart Industries by 1.1% in the 1st quarter. Doliver Advisors LP now owns 10,811 shares of the industrial products company’s stock valued at $1,781,000 after purchasing an additional 122 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its position in 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.

About Chart Industries

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.