Gates Industrial Corporation PLC (NYSE:GTES) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $30.3636.

A number of analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Robert W. Baird set a $39.00 price objective on Gates Industrial in a report on Friday, February 13th. Weiss Ratings downgraded Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Citigroup increased their price objective on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Barclays decreased their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st.

Gates Industrial Stock Performance

NYSE GTES opened at $25.55 on Tuesday. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 26.34 and a beta of 1.28. Gates Industrial has a twelve month low of $16.27 and a twelve month high of $28.47. The stock has a fifty day simple moving average of $24.91 and a 200 day simple moving average of $23.73. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $856.20 million during the quarter, compared to the consensus estimate of $853.35 million. Gates Industrial had a return on equity of 10.36% and a net margin of 7.30%.Gates Industrial’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Sell-side analysts expect that Gates Industrial will post 1.36 EPS for the current year.

Institutional Trading of Gates Industrial

A number of institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC boosted its position in Gates Industrial by 3.7% during the fourth quarter. Corient Private Wealth LLC now owns 181,165 shares of the company’s stock valued at $3,890,000 after acquiring an additional 6,455 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Gates Industrial during the fourth quarter valued at $72,000. Kera Capital Partners Inc. boosted its position in Gates Industrial by 34.2% during the fourth quarter. Kera Capital Partners Inc. now owns 25,784 shares of the company’s stock valued at $594,000 after acquiring an additional 6,565 shares during the last quarter. Dean Capital Management boosted its position in Gates Industrial by 3.2% during the fourth quarter. Dean Capital Management now owns 92,225 shares of the company’s stock valued at $1,980,000 after acquiring an additional 2,846 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Gates Industrial by 5.9% during the fourth quarter. Invesco Ltd. now owns 8,322,654 shares of the company’s stock valued at $178,687,000 after acquiring an additional 461,160 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Gates Industrial Company Profile

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.