Should I buy or sell Gates Industrial stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GTES shares. View GTES analyst ratings or view top-rated stocks .

What is Gates Industrial's stock price target for 2024?

6 Wall Street research analysts have issued 1 year target prices for Gates Industrial's stock. Their GTES share price targets range from $14.00 to $21.00. On average, they expect the company's share price to reach $18.00 in the next year. This suggests a possible upside of 4.7% from the stock's current price. View analysts price targets for GTES or view top-rated stocks among Wall Street analysts .

How have GTES shares performed in 2024?

Gates Industrial's stock was trading at $13.42 at the beginning of the year. Since then, GTES stock has increased by 28.1% and is now trading at $17.1950. View the best growth stocks for 2024 here .

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 7,780,000 shares, an increase of 7.3% from the March 15th total of 7,250,000 shares. Based on an average daily volume of 3,000,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.1% of the shares of the stock are short sold. View Gates Industrial's Short Interest .

When is Gates Industrial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our GTES earnings forecast .

How can I listen to Gates Industrial's earnings call?

Gates Industrial will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5772067".

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) released its quarterly earnings results on Thursday, February, 8th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.10. The business had revenue of $863.30 million for the quarter, compared to analyst estimates of $892.40 million. Gates Industrial had a trailing twelve-month return on equity of 10.14% and a net margin of 6.52%.

What ETFs hold Gates Industrial's stock?

ETFs with the largest weight of Gates Industrial (NYSE:GTES) stock in their portfolio include Dimensional US Small Cap Value ETF (DFSV) . Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) .

What guidance has Gates Industrial issued on next quarter's earnings?

Gates Industrial updated its first quarter 2024 earnings guidance on Saturday, March, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $860.0 million-$875.0 million, compared to the consensus revenue estimate of $867.3 million.

What is Ivo Jurek's approval rating as Gates Industrial's CEO?

108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com . Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Gates Industrial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include NVIDIA (NVDA) , Micron Technology (MU) , Advanced Micro Devices (AMD) , Alibaba Group (BABA) , Bristol-Myers Squibb (BMY) , B2Gold (BTG) , Novavax (NVAX) , Intel (INTC) , Pure Storage (PSTG) and Boeing (BA) .

When did Gates Industrial IPO?

Gates Industrial (GTES) raised $751 million in an initial public offering (IPO) on Thursday, January 25th 2018. The company issued 38,500,000 shares at a price of $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank served as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers.

Who are Gates Industrial's major shareholders?

Gates Industrial's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (5.58%), Confluence Investment Management LLC (0.61%), Olstein Capital Management L.P. (0.08%), Alaska Permanent Fund Corp (0.06%), Hennion & Walsh Asset Management Inc. (0.01%) and Oak Thistle LLC (0.01%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson , Ivo Jurek, Neil P Simpkins and Wilson S Neely. View institutional ownership trends .

How do I buy shares of Gates Industrial?

Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:GTES

Gates Industrial (GTES) Stock Price, News & Analysis

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$17.20

+0.02 (+0.12%)

(As of 04/19/2024 ET)

Compare

Today's Range: $17.13
▼
$17.40
50-Day Range: $12.77
▼
$17.74
52-Week Range: $10.68
▼
$17.86

Volume: 1.37 million shs
Average Volume: 2.84 million shs
Market Capitalization: $4.54 billion

P/E Ratio: 20.23
Dividend Yield: N/A
Price Target: $18.00

Get Gates Industrial alerts:

Gates Industrial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 4.7% Upside
$18.00 Price Target
Short Interest: Healthy
4.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.94
Upright™ Environmental Score
News Sentiment: 0.62
Based on 12 Articles This Week
Insider Trading: Selling Shares
$292.28 M Sold Last Quarter
Proj. Earnings Growth: 18.94%
From $1.32 to $1.57 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.89 out of 5 stars

Construction Sector

35th out of 100 stocks

General Industrial Machinery & Equipment Industry

2nd out of 8 stocks

2.3

Analyst's Opinion

Consensus Rating
Gates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Gates Industrial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.10% of the float of Gates Industrial has been sold short.
Short Interest Ratio / Days to Cover
Gates Industrial has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Gates Industrial has recently increased by 7.31%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Gates Industrial does not currently pay a dividend.
Dividend Growth
Gates Industrial does not have a long track record of dividend growth.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Gates Industrial has received a -31.34% net impact score from Upright. The largest negative impact of Gates Industrial in category "GHG emissions" seems to be driven mostly by its "Belt drives", "Couplings", and "Rubber hoses" products. See details.
Environmental Sustainability
The Environmental Impact score for Gates Industrial is -1.94.

2.6

News and Social Media Coverage

News Sentiment
Gates Industrial has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Gates Industrial this week, compared to 8 articles on an average week.
Search Interest
Only 2 people have searched for GTES on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
5 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gates Industrial insiders have sold 2,222.96% more of their company's stock than they have bought. Specifically, they have bought $12,582,402.00 in company stock and sold $292,284,244.00 in company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Gates Industrial is held by insiders.
Percentage Held by Institutions
98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Gates Industrial are expected to grow by 18.94% in the coming year, from $1.32 to $1.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gates Industrial is 20.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.31.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gates Industrial is 20.23, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 18.17.
Price to Book Value per Share Ratio
Gates Industrial has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Gates Industrial Stock (NYSE:GTES)

Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.

GTES Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GTES Stock News Headlines

April 17, 2024 | tmcnet.com

US Industrial Valve Market to Reach $11.02 Billion by 2029 - Gate Valves Leading the Market - Exclusive Focus Insight Report by Arizton

April 17, 2024 | msn.com

Gates Industrial (GTES) Price Target Increased by 9.50% to 19.99

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 17, 2024 | finance.yahoo.com

Does Gates Industrial Corp. PLC (GTES) Have an Opportunity to Re-rate?

April 17, 2024 | americanbankingnews.com

Gates Industrial (NYSE:GTES) Price Target Raised to $18.00 at The Goldman Sachs Group

April 16, 2024 | markets.businessinsider.com

Evaluating Gates Industrial Corp: Insights From 9 Financial Analysts

April 15, 2024 | sfgate.com

Offer Arrives Quickly for Bill Gates' $5M Washington Home

April 15, 2024 | msn.com

Bill Gates Says It's 'Misinformation' That He Or Fauci Benefitted Or Made Money On Vaccines 'Is That a Joke?'

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 13, 2024 | msn.com

Baldur's Gate 3 wins big at the 2024 BAFTA Games Awards

April 12, 2024 | msn.com

UAE President, Bill Gates discuss ways to enhance humanitarian cooperation

April 11, 2024 | msn.com

Bill Gates says if AI will make humans work three days a week, then that's okay

April 10, 2024 | finance.yahoo.com

Gates Industrial Announces First-Quarter 2024 Earnings Release Date

April 10, 2024 | prnewswire.com

Gates Industrial Announces First-Quarter 2024 Earnings Release Date

April 10, 2024 | msn.com

Fuel from WATER for buses, trucks and planes? Bill Gates-backed company's achievement

April 10, 2024 | finance.yahoo.com

Should You Investigate Gates Industrial Corporation plc (NYSE:GTES) At US$17.63?

April 10, 2024 | msn.com

Gates-backed startup Infinium is making sustainable fuel from water and Carbon Dioxide: Report

April 9, 2024 | msn.com

Lineup revealed for Outside Lands offshoot concert in San Francisco's Golden Gate Park

April 9, 2024 | americanbankingnews.com

Gates Industrial (NYSE:GTES) Price Target Raised to $20.00

April 8, 2024 | bizjournals.com

Infinium fires up its first commercial-scale renewable fuel plant, with investor Bill Gates on site

April 2, 2024 | msn.com

FBI detains would-be gate-crasher in Atlanta

April 2, 2024 | msn.com

Opening gates to financial assistance for Vt. State Park visitors

April 1, 2024 | finance.yahoo.com

Eos Energy and Pine Gate Renewables Sign Agreement to Expand Existing Relationship

March 30, 2024 | msn.com

PM Modi, Bill Gates Discuss Tech, Health, Education

March 29, 2024 | msn.com

"Want To Fill Shortcomings Of Teachers With Technology": PM Modi To Bill Gates

March 29, 2024 | msn.com

PM Narendra Modi and Bill Gates interact on AI, climate change, and women empowerment: Key points

March 29, 2024 | msn.com

World’s first green steel plant backed by Bill Gates, Amazon opens in Colorado

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: General industrial machinery & equipment
Sub-Industry: N/A
Current Symbol: NYSE:GTES
CUSIP: N/A
CIK: 1718512
Web: www.gates.com
Phone: 303-744-1911
Fax: N/A
Employees: 14,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $18.00
High Stock Price Target: $21.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +3.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.85
Trailing P/E Ratio: 20.42
Forward P/E Ratio: 13.15
P/E Growth: N/A
Net Income: $232.90 million
Net Margins: 6.52%
Pretax Margin: 7.99%
Return on Equity: 10.14%
Return on Assets: 4.87%

Debt

Debt-to-Equity Ratio: 0.70
Current Ratio: 3.08
Quick Ratio: 2.25

Sales & Book Value

Annual Sales: $3.57 billion
Price / Sales: 1.29
Cash Flow: $2.17 per share
Price / Cash Flow: 7.99
Book Value: $13.42 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 264,270,000
Free Float: 258,193,000
Market Cap: $4.59 billion
Optionable: Optionable
Beta: 1.57

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MarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

David L. Calhoun (Age 60)
Chairman of the Board
Ivo Jurek (Age 53)
Chief Executive Officer, Director
David H. Naemura (Age 48)
Chief Financial Officer
Walter T. Lifsey (Age 59)
Chief Operating Officer
Jamey S. Seely (Age 46)
Executive Vice President, General Counsel, Corporate Secretary
Roger C. Gaston (Age 61)
Executive Vice President of Human Resources
Gregory F. Kirchhoff (Age 59)
Senior Vice President - Corporate Controller
John C. Plant (Age 64)
Director
Julia C. Kahr (Age 39)
Independent Director
Terry A. Klebe (Age 62)
Independent Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GTES Stock Analysis - Frequently Asked Questions

Should I buy or sell Gates Industrial stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GTES shares.
View GTES analyst ratings or view top-rated stocks.
What is Gates Industrial's stock price target for 2024?: 6 Wall Street research analysts have issued 1 year target prices for Gates Industrial's stock. Their GTES share price targets range from $14.00 to $21.00. On average, they expect the company's share price to reach $18.00 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
View analysts price targets for GTES or view top-rated stocks among Wall Street analysts.
How have GTES shares performed in 2024?: Gates Industrial's stock was trading at $13.42 at the beginning of the year. Since then, GTES stock has increased by 28.1% and is now trading at $17.1950.
View the best growth stocks for 2024 here.
Are investors shorting Gates Industrial?: Gates Industrial saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 7,780,000 shares, an increase of 7.3% from the March 15th total of 7,250,000 shares. Based on an average daily volume of 3,000,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.1% of the shares of the stock are short sold.
View Gates Industrial's Short Interest.
When is Gates Industrial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our GTES earnings forecast.
How can I listen to Gates Industrial's earnings call?: Gates Industrial will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5772067".
How were Gates Industrial's earnings last quarter?: Gates Industrial Corp PLC (NYSE:GTES) released its quarterly earnings results on Thursday, February, 8th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.10. The business had revenue of $863.30 million for the quarter, compared to analyst estimates of $892.40 million. Gates Industrial had a trailing twelve-month return on equity of 10.14% and a net margin of 6.52%.
What ETFs hold Gates Industrial's stock?: ETFs with the largest weight of Gates Industrial (NYSE:GTES) stock in their portfolio include Dimensional US Small Cap Value ETF (DFSV).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

What guidance has Gates Industrial issued on next quarter's earnings?: Gates Industrial updated its first quarter 2024 earnings guidance on Saturday, March, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $860.0 million-$875.0 million, compared to the consensus revenue estimate of $867.3 million.
What is Ivo Jurek's approval rating as Gates Industrial's CEO?: 108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Gates Industrial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG), Novavax (NVAX), Intel (INTC), Pure Storage (PSTG) and Boeing (BA).
When did Gates Industrial IPO?: Gates Industrial (GTES) raised $751 million in an initial public offering (IPO) on Thursday, January 25th 2018. The company issued 38,500,000 shares at a price of $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank served as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers.
Who are Gates Industrial's major shareholders?: Gates Industrial's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (5.58%), Confluence Investment Management LLC (0.61%), Olstein Capital Management L.P. (0.08%), Alaska Permanent Fund Corp (0.06%), Hennion & Walsh Asset Management Inc. (0.01%) and Oak Thistle LLC (0.01%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson, Ivo Jurek, Neil P Simpkins and Wilson S Neely.
View institutional ownership trends.
How do I buy shares of Gates Industrial?: Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GTES) was last updated on 4/19/2024 by MarketBeat.com Staff

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Gates Industrial (GTES) Stock Price, News & Analysis

Gates Industrial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Gates Industrial Stock (NYSE:GTES)

GTES Stock Price History

GTES Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

GTES Stock Analysis - Frequently Asked Questions

Overall MarketRank^™