Gates Industrial Corporation PLC (NYSE:GTES) Given Average Recommendation of “Moderate Buy” by Brokerages

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

A number of equities analysts recently commented on the company. Robert W. Baird set a $39.00 price objective on Gates Industrial in a research report on Friday, February 13th. Wall Street Zen upgraded Gates Industrial from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Wells Fargo & Company started coverage on shares of Gates Industrial in a research report on Thursday, November 13th. They set an “equal weight” rating and a $23.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Gates Industrial from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. Finally, Citigroup lifted their target price 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GTES. JPMorgan Chase & Co. lifted its stake in shares of Gates Industrial by 98.7% in the 4th quarter. JPMorgan Chase & Co. now owns 8,373,294 shares of the company’s stock valued at $179,775,000 after purchasing an additional 4,158,341 shares during the last quarter. Norges Bank purchased a new stake in Gates Industrial in the 2nd quarter valued at about $80,713,000. Van Berkom & Associates Inc. acquired a new position in Gates Industrial in the fourth quarter valued at about $68,614,000. Adage Capital Partners GP L.L.C. purchased a new position in Gates Industrial during the second quarter worth about $32,255,000. Finally, Vanguard Group Inc. increased its position in shares of Gates Industrial by 5.0% during the third quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock valued at $664,019,000 after acquiring an additional 1,281,339 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Gates Industrial Stock Performance

NYSE:GTES opened at $27.57 on Monday. The company has a market cap of $7.00 billion, a P/E ratio of 28.43 and a beta of 1.22. Gates Industrial has a twelve month low of $14.70 and a twelve month high of $28.47. The company’s 50-day moving average price is $24.26 and its 200-day moving average price is $24.06. The company has a current ratio of 3.37, a quick ratio of 2.42 and a debt-to-equity ratio of 0.61.

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