Chart Industries PT Lowered to $118.00 (GTLS)
Research analysts at Barclays reduced their target price on shares of Chart Industries (NASDAQ:GTLS) from $127.00 to $118.00 in a report released on Friday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 9.80% from the company’s current price.
Chart Industries (NASDAQ:GTLS) traded down 5.56% during mid-day trading on Friday, hitting $101.50. The stock had a trading volume of 2,081,870 shares. Chart Industries has a 1-year low of $55.89 and a 1-year high of $125.64. The stock’s 50-day moving average is $123.7 and its 200-day moving average is $105.5. The company has a market cap of $3.080 billion and a P/E ratio of 43.90.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.06. The company had revenue of $301.80 million for the quarter, compared to the consensus estimate of $325.02 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. On average, analysts predict that Chart Industries will post $3.20 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GTLS. Analysts at Johnson Rice upgraded shares of Chart Industries to an “overweight” rating in a research note to investors on Friday. Separately, analysts at Piper Jaffray Cos. downgraded shares of Chart Industries from an “overweight” rating to a “neutral” rating in a research note to investors on Friday. They now have a $105.00 price target on the stock, down previously from $130.00. Finally, analysts at Raymond James raised their price target on shares of Chart Industries from $125.00 to $130.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Chart Industries has an average rating of “Buy” and an average price target of $115.80.
Chart Industries, Inc (NASDAQ:GTLS) is a holding company.
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