Gildan Activewear Inc. (TSE:GIL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$85.75.

A number of research analysts recently commented on GIL shares. Desjardins raised their price target on Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Securities raised their target price on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Friday.

Gildan Activewear Stock Down 1.7%

TSE:GIL opened at C$92.97 on Friday. The stock has a 50-day simple moving average of C$91.42 and a 200 day simple moving average of C$84.04. Gildan Activewear has a 52-week low of C$52.77 and a 52-week high of C$100.44. The company has a market cap of C$17.21 billion, a PE ratio of 29.89, a PEG ratio of 4.55 and a beta of 1.41. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$1.31 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The company had revenue of C$1.41 billion for the quarter. On average, sell-side analysts expect that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.