Gates Industrial Corporation plc [GTES] stock is trading at $22.12, down -0.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GTES shares have gain 4.88% over the last week, with a monthly amount glided 21.14%, 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 September 06, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $19. Previously, RBC Capital Mkts upgraded its rating to Outperform on August 19, 2024, and elevated its price target to $22. On March 08, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $20 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $21 on February 29, 2024. KeyBanc Capital Markets upgraded its rating to a Overweight but $18 remained the price target by the analyst firm on February 22, 2024. Goldman downgraded its rating to Neutral for this stock on June 20, 2023, but kept the price target unchanged to $14.50. In a note dated February 10, 2023, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
Gates Industrial Corporation plc [GTES] stock has fluctuated between $11.22 and $22.31 over the past year. Currently, Wall Street analysts expect the stock to reach $19.22 within the next 12 months. Gates Industrial Corporation plc [NYSE: GTES] shares were valued at $22.12 at the most recent close of the market. An investor can expect a potential drop of -13.11% based on the average GTES price forecast.
Analyzing the GTES fundamentals
Gates Industrial Corporation plc [NYSE:GTES] reported sales of 3.44B for the trailing twelve months, which represents a drop of -4.83%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.76.
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 21.99 points at the first support level, and at 21.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.34, and for the 2nd resistance point, it is at 22.57.
Ratios To Look Out For
For context, Gates Industrial Corporation plc’s Current Ratio is 3.02. As well, the Quick Ratio is 2.11, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 26.57.
Transactions by insiders
Recent insider trading involved BX Gates ML-5 Holdco LLC, that happened on Nov 25 ’24 when 14865.0 shares were purchased., BX Gates ML-4 Holdco LLC completed a deal on Nov 25 ’24 to buy 64602.0 shares. Meanwhile, BX Gates ML-3 Holdco LLC bought 1030.0 shares on Nov 25 ’24.
