View analysts price targets for GTES or view top-rated stocks among Wall Street analysts. According to the issued ratings of 9 analysts in the last year, the consensus rating for Gates Industrial stock is Hold based on the current 5 hold ratings and 4 buy ratings for GTES. The average twelve-month price prediction for Gates Industrial is $15.00 with a high price target of $18.00 and a low price target of $13.00. In conclusion, Gates Industrial Corporation plc has had a mixed performance lately.

In a report released today, Jerry Revich from Goldman Sachs maintained a Buy rating on Gates Industrial (GTES – Research Report), with a price target of $13.50. The company’s shares opened today at $12.55.Revich covers the… According to analysts, Gates Industrial’s stock has a predicted upside of 12.57% based on their 12-month price targets. Sales of new vehicles in the United States are expected to rise in March, given the pent-up demand for cars and trucks. Therefore, investing in auto stock Gates Industrial Corporation plc , JTEKT Corporation , and Garrett Motion Inc. , which are Strong Buy-rated in our POWR Ratings system, could be wise.

The consensus rating score for Gates Industrial is 2.44 while the average consensus rating score for construction companies is 2.45. But even more important, is that they are all top Buy rated stocks according to our coveted POWR Ratings system and they excel in key areas of growth, sentiment and momentum. In the A-rated Auto Parts industry, it is ranked first among 59 stocks. Gates Industrial Corp Plc reported an EPS of $0.25 in its last earnings report, beating expectations of $0.233.

The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Raised $751 million in an initial public offering on Thursday, January 25th 2018. The company issued 38,500,000 shares at $18.00-$21.00 per share. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. Gates Industrial has received a -31.34% net impact score from Upright. The largest negative impact of Gates Industrial in category “GHG emissions” seems to be driven mostly by its “Belt drives”, “Couplings”, and “Rubber hoses” products.

Price target raised to US$12.94

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide.

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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

Gates Industrial Corp News & Analysis

In addition, JTEKY’s forward EV/EBIT of 8.82x is 31.9% lower than the industry average of 12.96x. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

It offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts. The company provides its products to replacement channel customers and original equipment manufacturers as specified components. Several research analysts have recently weighed in on GTES shares.

Over the last 50 days, in opposition, the stock is trading +1.66% upper at present. One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment.

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TheStreet raised Gates Industrial from a “c” rating to a “b” rating in a research report on Thursday, February 9th. Credit Suisse Group upped their price objective on shares of Gates Industrial from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 13th. Citigroup lifted their target price on shares of Gates Industrial from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Robert W. Baird upped their price target on shares of Gates Industrial from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Finally, Morgan Stanley raised their price target on shares of Gates Industrial from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Friday, February 10th. It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market.

Here are some key insights as we drill into the specifics of these quality attributes.GTES has a Quality Grade of B, ranking ahead of 77.36% of graded US stocks. Over the past 27 months, GTES’s revenue has gone up $829,700,000.The table below shows GTES’s growth in key financial areas . GTES’s price/sales ratio has moved down 0.8 over the prior 63 months. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. Analysts expect value stocks to maintain outperformance over growth stocks as interest rates rise and the economy falters. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity.

Moody’s Daily Credit Risk Score

BECOME A MEMBER FOR ONLY $2 Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. But what if you had the insights to effectively evaluate a company like Gates Industrial Corp PLC before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Gates Industrial Corp PLC’s stock is to have the right tools and resources as well as a clear monitoring process. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength.

• It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
• GTES has gained 36.9% over the past six months to close the last trading session at $13.58.
• Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet.
• It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market.

Robert W. Baird upped their price target on shares of Gates Industrial from $14.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Finally, Citigroup increased their price objective on shares of Gates Industrial from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

The does growth hacking actually count as a real job provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.54 average news sentiment score of Construction companies.

Other institutional investors and hedge funds have also modified their holdings of the company. Ethic Inc. purchased a new stake in shares of Gates Industrial during the third quarter valued at $106,000. Principal Financial Group Inc. bought a new position in Gates Industrial during the 2nd quarter valued at about $121,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Gates Industrial during the 2nd quarter valued at about $125,000. Riverwater Partners LLC bought a new stake in shares of Gates Industrial in the fourth quarter worth approximately $133,000.

108 employees have https://1investing.in/ Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company’s employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. GTES shares were trading at $13.75 per share on Thursday morning, up $0.17 (+1.25%). Year-to-date, GTES has gained 20.51%, versus a 6.01% rise in the benchmark S&P 500 index during the same period. Analysts expect GTX’s EPS to increase 18.5% year-over-year to $1.09 in 2024.