Currently, Chart Industries Inc [GTLS] is trading at $162.44, up 3.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GTLS shares have gain 3.58% over the last week, with a monthly amount glided 13.26%, and seem to be holding up well over a long-time horizon.
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On 9, April 2024, Chart Industries Credit Rating Outlook Changed to “Positive” at Moody’s. In a post published today on Yahoo Finance, Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announces that Moody’s Ratings (Moody’s) has changed the outlook on Chart’s credit ratings from “Stable” to “Positive”. Moody’s affirmed Chart’s corporate family rating of “B1”, senior unsecured rating of “B3”, senior secured notes rating of “Ba3” and senior secured bank credit facilities rating of “Ba3”. At the same time, Chart’s speculative grade liquidity rating was upgraded to SGL-2 and credit impact score was upgraded to CIS-3.
From an analyst’s perspective:
Chart Industries Inc [NYSE: GTLS] stock has seen the most recent analyst activity on March 19, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $170 from $152. Previously, TD Cowen reaffirmed its Outperform rating on February 29, 2024, and elevated its price target to $260. On January 04, 2024, upgrade upgraded it’s rating to Strong Buy but maintained its price target of $190 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $212 on September 25, 2023. Wells Fargo upgraded its rating to a Overweight and raised its price target to $224 on August 09, 2023. CapitalOne started tracking with a Equal Weight rating for this stock on July 14, 2023, and assigned it a price target of $174. In a note dated July 12, 2023, Raymond James downgraded an Outperform rating on this stock.
This stock has fluctuated between a low of $105.89 and a high of $184.65 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $201.58 within the next 12 months. Chart Industries Inc [NYSE: GTLS] shares were valued at $162.44 at the most recent close of the market. An investor can expect a potential return of 24.1% based on the average GTLS price forecast.
Analyzing the GTLS fundamentals
Trailing Twelve Months sales for Chart Industries Inc [NYSE:GTLS] were 3.36B which represents 129.95% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 158.15 points at the first support level, and at 153.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 165.47, and for the 2nd resistance point, it is at 168.51.
Chart Industries Inc [GTLS] reported earnings per share of $2.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.08/share, meaning a difference of $0.17 and a surprise factor of 8.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.28 per share as compared to estimates of $1.61 per share, a difference of -$0.33 representing a surprise of -20.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Chart Industries Inc [NYSE:GTLS] is 1.19. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 2.45 and price to earnings (TTM) ratio is 379.00.
Transactions by insiders
Recent insider trading involved Harty Linda S, Director, that happened on Dec 15 ’23 when 1000.0 shares were purchased. Director, Harty Linda S completed a deal on Dec 14 ’23 to buy 500.0 shares. Meanwhile, Director CICHOCKI ANDREW R bought 400.0 shares on Dec 11 ’23.
