Chart Industries Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)
Portfolio Pulse from Benzinga Insights
Chart Industries (NYSE:GTLS) received mixed analyst ratings, with an updated average 12-month price target of $165.8, reflecting an 11.28% increase from the previous target. Analysts from Morgan Stanley, UBS, Piper Sandler, and Wells Fargo provided varied ratings and price targets, indicating diverse perspectives on the company's performance and market position. Chart Industries, known for its cryogenic equipment and recent acquisition of Howden, shows significant revenue growth but faces challenges in profitability, asset utilization, and debt management.
April 18, 2024 | 2:00 pm
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Chart Industries received mixed ratings from analysts, with an updated average price target of $165.8, indicating optimism about its future performance despite some operational challenges.
The mixed analyst ratings with an increased price target suggest a positive outlook on Chart Industries' stock in the short term, driven by significant revenue growth. However, concerns about profitability, asset utilization, and high debt levels may temper investor enthusiasm. The recent acquisition of Howden, which doubled the company's size, alongside its performance in the industrials sector, contributes to the optimistic price target despite operational challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100