BTIG analyst Gregory Lewis has reiterated their bullish stance on GTLS stock, giving a Buy rating on February 28.
Gregory Lewis has given his Buy rating due to a combination of factors that highlight Chart Industries’ strong position and future growth potential. The company has demonstrated robust order activity, particularly in the LNG sector, with significant contracts such as the IPSMR order for Woodside’s Louisiana LNG project and a strategic partnership with Exxon for future liquefaction projects. These developments indicate a growing pipeline of high-margin LNG opportunities, driven by demand from Asian countries and potential future orders.
Additionally, Chart Industries is making strategic financial moves by reducing its debt, which is expected to reach a more favorable leverage ratio by 2025, allowing for potential growth and shareholder returns. The company is also focused on improving its margins across various segments, despite some temporary setbacks. With a valuation that suggests room for growth and management’s commitment to executing on synergies and cross-selling, Lewis sees a promising outlook for Chart Industries, justifying the Buy rating.
In another report released on February 28, TD Cowen also reiterated a Buy rating on the stock with a $205.00 price target.
GTLS’s price has also changed dramatically for the past six months – from $120.730 to $190.550, which is a 57.83% increase.