Coverage of the shares of this industrial and energy services provider were recently initiated by Credit Suisse with an ‘Outperform’ rating, and upgraded by Raymond James to ‘Outperform’.
Chart Industries, Inc.’s (GTLS)
From AlphaProfit Sector Investors’ Newsletter
Chart Industries, Inc.’s (GTLS) strategy of using acquisitions to broaden the customer base for its engineered equipment beyond those involved in large liquefied natural gas (LNG) projects is working.
During the second quarter, Chart reported $0.68 in EPS, 13% above analysts’ forecast and 42% above the year-ago tally. In a quarter when no large LNG project was awarded, Chart added 15 orders for projects $2 million or greater, a quarterly record.
Its volatile shares suit venturesome, growth investors. They trade at 16.6X-forward EPS versus prospects of 50% and 75% EPS growth in 2019 and 2020, respectively. (Next earnings: ~ Oct. 18)
Sam Subramanian, PhD, AlphaProfit Sector Investors’ Newsletter, www.alphaprofit.com, 281-565-6963, September 2019