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Chart Industries Inc. (NYSE: GTLS) – Analysts’ Revisions Show Sentiment Is Improving

Chart Industries Inc. (NYSE:GTLS) traded at $132.56 at close of the session on Tuesday, 11/22/22, made an upward move of 2.66% on its previous day’s price.

Looking at the stock we see that its previous close was $129.13 and the beta (5Y monthly) reads 1.48 with the day’s price range being $124.49 – $132.95. The company has a trailing 12-month PE ratio of 72.12. In terms of its 52-week price range, GTLS has a high of $242.59 and a low of $108.29. The company’s stock has lost about -34.41% over that past 30 days.

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Chart Industries Inc. has a market cap of $4.71 billion and is expected to release its quarterly earnings report on Feb 22, 2023 – Feb 27, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $1.83, with the EPS growth for the year raised at $4.98 for 2022 and $7.46 for next year. These figures represent 75.40% and 49.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $498 million, with a low of $448.5 million and a high of $518.33 million. The median projection represents growth squeezing down to 31.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.67 billion, or 26.60% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GTLS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 17 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Chart Industries Inc. (GTLS) stock as a Hold, while 12 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the GTLS stock currently stands at 1.38, and the current price level is -27.02% off its SMA20 and -30.03% from its 50-day simple moving average. The RSI (14) is pointing at 31.53 while the volatility over the past week is 5.40% and jumps to 8.88% over the past one month. The beta value is 1.44, while the average true range (ATR) is currently pointing at 14.33. The average price target for the stock over the next 12 months is $212.53, with the estimates having a low of $133.00 and a high of $275.00. These price ends are -0.33% and -107.45% off the current price level respectively, although investors could be excited at the prospect of a -69.73% if the GTLS share price touches on the median price of $225.00.

Let’s briefly compare Chart Industries Inc. (GTLS) stock to its peers. We find that current price change of 2.66% and -25.97% over the past 12 months for GTLS. Another of its peers IDEX Corporation (IEX) has gained 0.66% previous session, and was -0.21% down over the past year, while Graco Inc. (GGG) was also down -0.16% in the last session, while its price remained in the red at -9.49% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.

Coming back to Chart Industries Inc. (NYSE:GTLS), we note that the average 3-month trading volume was 572.84K, while that of the preceding 10-day period stands at 1.84 million. Current shares outstanding are 36.64 million.

The insiders hold 0.10% of the company’s shares. The data shows that short shares as of Oct 30, 2022, stood at 5.0 million at a short ratio of 13.35. This represents a 13.64% short interest in shares outstanding on Oct 30, 2022. Shares short rose in October from the previous month at 4.99 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.89% down in year-to-date price movement.

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