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

Gates Industrial Corporation PLC (NYSE:GTES) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $31.00.

A number of research analysts have recently commented on GTES shares. Weiss Ratings downgraded Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Robert W. Baird dropped their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Citigroup increased their price objective on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th.

Gates Industrial Price Performance

GTES stock opened at $26.41 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66. The firm has a market capitalization of $6.71 billion, a P/E ratio of 27.51 and a beta of 1.27. The business’s 50-day moving average is $24.96 and its two-hundred day moving average is $24.08. Gates Industrial has a 1 year low of $20.88 and a 1 year high of $28.47.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data on Friday, May 1st. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The business had revenue of $851.10 million for the quarter, compared to the consensus estimate of $859.72 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Analysts anticipate that Gates Industrial will post 1.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its stake in Gates Industrial by 0.6% during the 4th quarter. New York State Teachers Retirement System now owns 85,748 shares of the company’s stock worth $1,841,000 after buying an additional 479 shares during the last quarter. Xponance LLC grew its stake in Gates Industrial by 3.7% during the 4th quarter. Xponance LLC now owns 13,792 shares of the company’s stock worth $296,000 after buying an additional 486 shares during the last quarter. Fifth Third Bancorp grew its stake in Gates Industrial by 46.3% during the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock worth $37,000 after buying an additional 514 shares during the last quarter. Glenmede Investment Management LP grew its stake in Gates Industrial by 0.9% during the 3rd quarter. Glenmede Investment Management LP now owns 55,047 shares of the company’s stock worth $1,366,000 after buying an additional 514 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in Gates Industrial by 3.8% during the 4th quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock worth $302,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.