Last Updated: 15 Sep 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 $4.92 billion, EBITDA of $853.1 million, and EPS of $2.24. GTLS is currently trading at $114.98, below its 52-week high of $176.85. Analysts are bullish on the stock, with a consensus target price of $186.70.
Company Overview
Chart Industries is headquartered in Ball Ground, Georgia, and has operations worldwide. The company's products include cryogenic storage tanks, vaporizers, and heat exchangers. GTLS serves a diverse range of customers, including gas producers, distributors, and end-users in the industrial, medical, and energy sectors.
Fundamental Analysis
GTLS has a strong financial track record. The company's revenue has grown steadily in recent years, reaching $3.90 billion in the trailing twelve months (TTM). GTLS is also profitable, with a net income of $122.6 million in the TTM. The company's profit margin is 3.15%, and its operating margin is 16.3%. GTLS has a strong balance sheet, with $574.4 million in cash and equivalents and $1.24 billion in total debt. The company's debt-to-equity ratio is 0.54.
Technical Analysis
GTLS is currently trading below its 50-day and 200-day moving averages. The stock is also in a downtrend, having made lower highs and lower lows since peaking in September 2022. The relative strength index (RSI) is 34.23, indicating that the stock is oversold.
Short Term Outlook
In the short term, GTLS is likely to continue trading in a range between $101.60 and $132.47. The stock could break out of this range if it can close above $132.47. However, if GTLS falls below $101.60, it could continue to decline.
Long Term Outlook
In the long term, GTLS is a good investment opportunity. The company has a strong financial position, a growing market, and a solid management team. GTLS is also well-positioned to benefit from the growing demand for industrial gases and clean energy.
Analyst Recommendations
Analysts are bullish on GTLS. The consensus target price is $186.70, which represents a 63.5% upside from the current price. Six analysts have a strong buy rating on the stock, 11 have a buy rating, and six have a hold rating.
