At the time of writing, Gates Industrial Corporation plc [GTES] stock is trading at $18.92, up 5.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GTES shares have gain 8.86% over the last week, with a monthly amount glided 2.77%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Gates Industrial Corporation plc [NYSE: GTES] stock has seen the most recent analyst activity on December 05, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $25 from $21. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on September 06, 2024, and set its price target to $19. On August 19, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $22 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $20 on March 08, 2024. Jefferies initiated its recommendation with a Buy and recommended $21 as its price target on February 29, 2024. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on February 22, 2024, but kept the price target unchanged to $18. In a note dated June 20, 2023, Goldman downgraded an Neutral rating on this stock but restated the target price of $14.50.
For the past year, the stock price of Gates Industrial Corporation plc fluctuated between $14.70 and $23.85. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Gates Industrial Corporation plc [NYSE: GTES] shares were valued at $18.92 at the most recent close of the market. An investor can expect a potential return of 32.14% based on the average GTES price forecast.
Analyzing the GTES fundamentals
According to Gates Industrial Corporation plc [NYSE:GTES], the company’s sales were 3.41B for trailing twelve months, which represents an -3.93% plunge. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.1%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 18.17 points at the first support level, and at 17.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.36, and for the 2nd resistance point, it is at 19.79.
Ratios To Look Out For
It is important to note that Gates Industrial Corporation plc [NYSE:GTES] has a current ratio of 3.20. Also, the Quick Ratio is 2.26, while the Cash Ratio stands at 0.9. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 25.65.
Transactions by insiders
Recent insider trading involved Eliasson Fredrik J, Director, that happened on Mar 07 ’25 when 60000.0 shares were purchased., BX Gates ML-5 Holdco LLC completed a deal on Nov 25 ’24 to buy 14865.0 shares. Meanwhile, BX Gates ML-4 Holdco LLC bought 64602.0 shares on Nov 25 ’24.
