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

Gates Industrial Corporation PLC (NYSE:GTES) has received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $30.2727.

Several brokerages have recently issued reports on GTES. Wall Street Zen raised Gates Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Citigroup increased their target price on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 target price on shares of Gates Industrial in a report on Friday, February 13th. Wells Fargo & Company started coverage on Gates Industrial in a report on Thursday, November 13th. They set an “equal weight” rating and a $23.00 price target for the company. Finally, UBS Group restated a “buy” rating and issued a $33.00 price objective on shares of Gates Industrial in a research note on Friday, February 13th.

Institutional Investors Weigh In On Gates Industrial

Hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC increased its stake in Gates Industrial by 133.2% during the third quarter. True Wealth Design LLC now owns 1,166 shares of the company’s stock valued at $29,000 after acquiring an additional 666 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Gates Industrial during the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC increased its position in shares of Gates Industrial by 51.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after purchasing an additional 539 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Gates Industrial by 5,123.7% during the third quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company’s stock valued at $49,000 after purchasing an additional 1,947 shares during the period. Finally, Quent Capital LLC acquired a new position in shares of Gates Industrial in the third quarter valued at $51,000. Institutional investors own 98.50% of the company’s stock.

Gates Industrial Trading Down 0.6%

Shares of GTES stock opened at $27.59 on Monday. Gates Industrial has a 12 month low of $14.70 and a 12 month high of $28.47. The company has a market cap of $7.01 billion, a PE ratio of 28.45 and a beta of 1.27. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $23.65 and its two-hundred day moving average is $23.94.

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

About Gates Industrial

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.