Chart Industries (NASDAQ:GTLS) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $120.00 price target on the stock, up from their previous price target of $110.00. Morgan Stanley’s target price would indicate a potential upside of 4.68% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Chart Industries (NASDAQ:GTLS) traded up 0.82% during mid-day trading on Wednesday, hitting $115.58. Chart Industries has a one year low of $55.89 and a one year high of $117.25. The stock’s 50-day moving average is currently $99.46. The company has a market cap of $3.507 billion and a P/E ratio of 46.83.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Tuesday, July 30th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.01. The company had revenue of $298.30 million for the quarter, compared to the consensus estimate of $296.90 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. On average, analysts predict that Chart Industries will post $3.19 earnings per share for the current fiscal year.
Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $114.67.
Chart Industries, Inc (NASDAQ:GTLS) is a holding company.
