Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Chart Industries Inc (NYSE: GTLS) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Chart Industries Inc (NYSE: GTLS) stock closed at $156.02 on 5/20/24 after an increase of 1.3%. However, below average trading volume at 72% of normal accompanied the advance. The stock has risen 3.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
GTLS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Chart Industries has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Chart Industries has a good Appreciation Score of 82 but a neutral Power Rating of 42, triggering the Positive Value Trend Rating.
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