Gildan Activewear Hits New 52-Week High at $47.64 (GIL)
Gildan Activewear (NYSE:GIL) set a new 52-week high during trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $47.64 and last traded at $47.35, with a volume of 215,043 shares. The stock had previously closed at $47.20.
A number of research firms have recently commented on GIL. Analysts at Janney Montgomery Scott raised their price target on shares of Gildan Activewear (NYSE:GIL) from C$42.00 to C$45.00 in a research note to investors on Friday, August 2nd. They now have a “neutral” rating on the stock. Separately, analysts at Stonecap Securities raised their price target on shares of Gildan Activewear (NYSE:GIL) from C$50.00 to C$57.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Gildan Activewear (NYSE:GIL) from C$46.00 to C$51.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock.
Seven analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Gildan Activewear currently has a consensus rating of “Buy” and a consensus target price of $47.83.
Gildan Activewear has a 1-year low of $30.51 and a 1-year high of $47.64. The stock’s 50-day moving average is $45.56 and its 200-day moving average is $41.84. The company has a market cap of $5.779 billion and a P/E ratio of 18.52.
Gildan Activewear (NYSE:GIL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.94 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.94. The company had revenue of $614.30 million for the quarter, compared to the consensus estimate of $630.60 million. During the same quarter last year, the company posted $0.66 earnings per share. Gildan Activewear’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that Gildan Activewear will post $2.71 earnings per share for the current fiscal year.
Gildan Activewear Inc (NYSE:GIL) is a marketer and vertically-integrated global manufacturer of basic, non-fashion apparel products for customers.
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