While Chart Industries Inc has underperformed by -1.68%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GTLS rose by 3.86%, with highs and lows ranging from $171.68 to $101.60, whereas the simple moving average fell by -12.23% in the last 200 days.
On September 16, 2024, Morgan Stanley Upgraded Chart Industries Inc (NYSE: GTLS) to Overweight. TD Cowen also reiterated GTLS shares as ‘Buy’, quoting a target price of $265 on the company’s shares in a report dated May 06, 2024. Morgan Stanley Initiated an Equal-Weight rating on April 18, 2024, and assigned a price target of $200. UBS March 19, 2024d its ‘Neutral’ rating to ‘Buy’ for GTLS, as published in its report on March 19, 2024. TD Cowen’s report from February 29, 2024 suggests a price prediction of $260 for GTLS shares, giving the stock a ‘Outperform’ rating. Raymond James also rated the stock as ‘Strong Buy’.
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Analysis of Chart Industries Inc (GTLS)
Further, the quarter-over-quarter increase in sales is 14.56%, showing a positive trend in the upcoming months.
One of the most important indicators of Chart Industries Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 4.78% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.98, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GTLS is recording 735.62K average volume. On a monthly basis, the volatility of the stock is set at 2.83%, whereas on a weekly basis, it is put at 2.61%, with a loss of -1.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $181.30, showing growth from the present price of $120.72, which can serve as yet another indication of whether GTLS is worth investing in or should be passed over.
How Do You Analyze Chart Industries Inc Shares?
The Specialty Industrial Machinery market is dominated by Chart Industries Inc (GTLS) based in the USA. When comparing Chart Industries Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 56.51, there is a growth in quarterly earnings of 2212.87%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.58%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 116.92% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GTLS shares are owned by institutional investors to the tune of 116.92% at present.
