Morgan Stanley upgraded shares of Chart Industries (NASDAQ:GTLS) from an equal weight rating to an overweight rating in a report released on Monday, AnalystRatingsNetwork.com reports. Morgan Stanley currently has $120.00 price objective on the stock.
Morgan Stanley has also updated their ratings on a number of other industrials stocks in the last week. The firm reiterated its equal weight rating on shares of Ingersoll-Rand Plc. Also, Morgan Stanley downgraded shares of Dover Corp. from an overweight rating to an equal weight rating. Their analysts now have a $94.00 price target on that stock, up previously from $93.00. They noted that the move was a valuation call.
Chart Industries (NASDAQ:GTLS) traded up 0.72% on Monday, hitting $100.92. The stock had a trading volume of 246,555 shares. Chart Industries has a 1-year low of $58.81 and a 1-year high of $130.85. The stock has a 50-day moving average of $107.3 and a 200-day moving average of $108.0. The company has a market cap of $3.066 billion and a price-to-earnings ratio of 38.87.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.82 earnings per share (EPS) for the quarter, missing the 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 last year, the company posted $0.66 earnings per share. Chart Industries’s revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that Chart Industries will post $2.97 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities cut their price target on shares of Chart Industries from $115.00 to $107.00 in a research note to investors on Tuesday, November 5th. They now have a neutral rating on the stock. Separately, analysts at Zacks downgraded shares of Chart Industries from a neutral rating to an underperform rating in a research note to investors on Tuesday, November 5th. They now have a $100.50 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Chart Industries from $127.00 to $118.00 in a research note to investors on Friday, November 1st. They now have an overweight rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Chart Industries presently has an average rating of Buy and an average price target of $113.68.
Chart Industries, Inc (NASDAQ:GTLS) is a holding company.
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