Analysts’ Weekly Ratings Changes for Gates Industrial (GTES)

Several brokerages have updated their recommendations and price targets on shares of Gates Industrial (NYSE: GTES) in the last few weeks:

• 11/2/2026 – Gates Industrial had its price target lowered by Wells Fargo & Company from $30.00 to $28.00. They now have an “equal weight” rating on the stock.
• 11/2/2026 – Gates Industrial had its price target lowered by DA Davidson from $29.00 to $27.00. They now have a “neutral” rating on the stock.
• 11/2/2026 – Gates Industrial had its price target raised by Robert W. Baird from $39.00 to $40.00. They now have an “outperform” rating on the stock.
• 10/23/2026 – Gates Industrial was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 10/10/2026 – Gates Industrial was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 10/8/2026 – Gates Industrial was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 9/26/2026 – Gates Industrial was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 9/12/2026 – Gates Industrial was downgraded by Wall Street Zen from “strong-buy” to “buy”.

Gates Industrial Stock Down 1.4%

Shares of NYSE GTES traded down $0.36 during midday trading on Tuesday, hitting $24.95. The stock had a trading volume of 476,538 shares, compared to its average volume of 2,187,794. Gates Industrial Corporation PLC has a 52 week low of $20.88 and a 52 week high of $30.34. The business’s 50 day moving average is $25.84 and its 200-day moving average is $25.80. The company has a market cap of $6.27 billion, a P/E ratio of 17.33 and a beta of 1.33. The company has a quick ratio of 2.40, a current ratio of 3.41 and a debt-to-equity ratio of 0.57.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. The firm had revenue of $903.60 million for the quarter, compared to analysts’ expectations of $904.77 million. Gates Industrial had a net margin of 10.37% and a return on equity of 10.42%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, analysts predict that Gates Industrial Corporation PLC will post 1.59 EPS for the current year.

Gates Industrial Corporation plc designs and manufactures engineered power-transmission and fluid-power solutions. Its products include belts and related components, as well as hoses and hydraulic systems used to transfer power and fluids in equipment and vehicles. The company serves customers across a range of industrial and mobility markets, including manufacturing, construction, agriculture, transportation and energy. Its products are used in both original-equipment applications and replacement markets.