At the time of writing, Gates Industrial Corporation plc [GTES] stock is trading at $14.64, up 2.09%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GTES shares have gain 8.69% over the last week, with a monthly amount glided 15.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gates Industrial Corporation plc [NYSE: GTES] stock has seen the most recent analyst activity on February 22, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $18 for it. Previously, Goldman downgraded its rating to Neutral on June 20, 2023, and kept the price target unchanged to $14.50. On February 10, 2023, downgrade downgraded it’s rating to Sector Weight. Evercore ISI downgraded its rating to a In-line and decreased its price target to $13.50 on August 11, 2022. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $14 on June 01, 2022. Wolfe Research downgraded its rating to Peer Perform for this stock on April 06, 2022. In a note dated December 06, 2021, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $22 to $18.
For the past year, the stock price of Gates Industrial Corporation plc fluctuated between $10.68 and $14.93. Currently, Wall Street analysts expect the stock to reach $14.8 within the next 12 months. Gates Industrial Corporation plc [NYSE: GTES] shares were valued at $14.64 at the most recent close of the market. An investor can expect a potential return of 1.09% based on the average GTES price forecast.
Analyzing the GTES fundamentals
According to Gates Industrial Corporation plc [NYSE:GTES], the company’s sales were 3.57B for trailing twelve months, which represents an -3.36% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.43 points at the first support level, and at 14.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.88, and for the 2nd resistance point, it is at 15.11.
Gates Industrial Corporation plc [GTES] reported earnings per share of $0.39 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.28/share, meaning a difference of $0.11 and a surprise factor of 39.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.35 per share as compared to estimates of $0.31 per share, a difference of $0.04 representing a surprise of 12.90%.
Ratios To Look Out For
It is important to note that Gates Industrial Corporation plc [NYSE:GTES] has a current ratio of 3.08. In addition, the Quick Ratio stands at 2.25 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 17.13.
Transactions by insiders
Recent insider trading involved Neely Wilson S, Director, that happened on Feb 20 when 10000.0 shares were purchased. Director, SIMPKINS NEIL P completed a deal on Feb 16 to buy 1.0 million shares. Meanwhile, Director Eliasson Fredrik J bought 40893.0 shares on Feb 16.
