Last Updated: 14 Nov 2024
Executive Summary
Chart Industries Inc. (GTLS) is a leading manufacturer of engineering equipment for the industrial gas and power industries. The company has a strong financial position with a market capitalization of $7.38 billion, EBITDA of $926.3 million, and EPS of $3.51. GTLS has shown consistent growth in revenue and earnings, and analysts are optimistic about its future prospects. The stock is currently trading at $172.3, below its 52-week high of $174.32.
Company Overview
Chart Industries was founded in 1979 and is headquartered in Ball Ground, Georgia. The company has a global presence with operations in over 150 countries. GTLS's products include cryogenic storage and transportation equipment, gas processing equipment, and heat exchangers. The company's customers include major industrial gas companies, power plants, and other industrial users.
Fundamental Analysis
GTLS has a strong financial position with a debt-to-equity ratio of 0.34 and a current ratio of 1.53. The company's revenue has grown at a CAGR of 10% over the past five years, and its EPS has grown at a CAGR of 15%. GTLS is expected to continue to grow in the future, with analysts forecasting revenue growth of 5% and EPS growth of 10% over the next five years.
Technical Analysis
GTLS's stock price has been in a downtrend since reaching a 52-week high of $174.32 in July 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is below 50, indicating that the stock is oversold.
Short Term Outlook
In the short term, GTLS's stock price is likely to remain under pressure. The stock is trading below its moving averages and the RSI is oversold. However, the company's strong financial position and growth prospects provide support for the stock.
Long Term Outlook
In the long term, GTLS's stock price is expected to rise. The company has a strong competitive position in the industrial gas and power industries, and its products are in high demand. GTLS is expected to continue to grow in the future, and its stock price is expected to reflect this growth.
Analyst Recommendations
Analysts are bullish on GTLS's stock. The consensus analyst rating is "Buy," with a price target of $188.09. Three analysts have a "Strong Buy" rating, 15 have a "Buy" rating, four have a "Hold" rating, and none have a "Sell" or "Strong Sell" rating.
