Chart Industries Inc (NYSE: GTLS) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in fundamentals have recently occurred for Chart Industries Inc (NYSE: GTLS): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Chart Industries has a good Power Rating of 75 and a good Appreciation Score of 83, and the Highest Value Trend Rating results.
Recent Price Action
Chart Industries Inc (NYSE: GTLS) stock closed at $144.34 on 6/28/24 after a modest gain of 0.6%. Moreover, trading volume in this advance was exceptionally high at 296% of normal. The stock has risen 0.9% during the last week and has been strong relative to the market over the last nine months.
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