Gates Industrial Corporation PLC (NYSE:GTES) Receives $30.73 Consensus PT from Analysts

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.7273.

Several equities analysts have commented on the stock. Citigroup boosted their price target on shares of Gates Industrial from $27.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. UBS Group reissued a “buy” rating and set a $33.00 target price on shares of Gates Industrial in a research note on Friday, February 13th. Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Saturday. Robert W. Baird set a $39.00 price target on Gates Industrial in a research report on Friday, February 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of Gates Industrial in a research report on Friday, February 13th.

Gates Industrial Stock Down 1.9%

Shares of GTES opened at $21.72 on Friday. The company’s 50-day simple moving average is $24.85 and its 200-day simple moving average is $23.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.42 and a current ratio of 3.37. Gates Industrial has a 1 year low of $14.70 and a 1 year high of $28.47. The stock has a market capitalization of $5.51 billion, a PE ratio of 22.39 and a beta of 1.22.

Gates Industrial (NYSE:GTES) last announced 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 firm had revenue of $856.20 million during the quarter, compared to analysts’ expectations of $853.35 million. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Analysts forecast that Gates Industrial will post 1.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gates Industrial

A number of large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Gates Industrial in the 4th quarter valued at $26,000. True Wealth Design LLC increased its holdings in Gates Industrial by 133.2% in the third quarter. True Wealth Design LLC now owns 1,166 shares of the company’s stock valued at $29,000 after buying an additional 666 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in Gates Industrial by 51.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after buying an additional 539 shares in the last quarter. Allworth Financial LP raised its stake in Gates Industrial by 43.0% in the second quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock valued at $48,000 after buying an additional 630 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Gates Industrial by 5,123.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company’s stock worth $49,000 after buying an additional 1,947 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.