- Chart Industries and Flowserve's merger creates a $19 billion industry powerhouse.
- Analysts foresee significant upside potential for Chart Industries stock.
- The merger is projected to generate $300 million in annual cost synergies.
Chart Industries (GTLS) and Flowserve (FLS) have announced a strategic merger in an all-stock transaction valued at approximately $19 billion, including debt. This transformational move will see Chart shareholders owning 53.5% of the combined entity. Flowserve's CEO, Scott Rowe, is set to take the helm of the newly formed company. A key goal of the merger is to realize $300 million in annual cost synergies, potentially enhancing shareholder value.
Wall Street Analysts Forecast
Based on the one-year price targets provided by 18 analysts, Chart Industries Inc. (GTLS) has an average target price of $210.50. The high estimate reaches $250.00, with a low of $171.00. This average target price suggests an upside of 30.27% from the current trading price of $161.59. Investors can find more detailed estimate data on the Chart Industries Inc (GTLS, Financial) Forecast page.
According to consensus recommendations from 19 brokerage firms, Chart Industries Inc.'s (GTLS) average recommendation stands at 2.0, which denotes an "Outperform" status. The rating scale ranges from 1 to 5, where a rating of 1 signifies a Strong Buy and 5 indicates Sell.
In terms of valuation, GuruFocus estimates that the GF Value for Chart Industries Inc. (GTLS) one year from now is expected to be $270.61. This implies an upside of 67.47% from its current price of $161.59. The GF Value is GuruFocus' estimation of the fair value at which the stock should trade. It is derived from historical trading multiples, past business growth, and future performance projections. For more details, visit the Chart Industries Inc (GTLS, Financial) Summary page.
