Gildan Activewear Sets New 1-Year High at $54.99 (GIL)
Shares of Gildan Activewear (NYSE:GIL) hit a new 52-week high on Monday, American Banking and Market News reports. The company traded as high as $54.99 and last traded at $54.38, with a volume of 180,803 shares trading hands. The stock had previously closed at $53.15.
A number of research firms have recently commented on GIL. Analysts at TD Securities raised their price target on shares of Gildan Activewear from C$55.00 to C$62.00 in a research note to investors on Wednesday, January 8th. They now have an “action list buy” rating on the stock. Separately, analysts at DA Davidson upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $60.00 price target on the stock, up previously from $52.00. Finally, analysts at CIBC upgraded shares of Gildan Activewear to a “sector outperform” rating in a research note to investors on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.68.
Gildan Activewear has a 52-week low of $34.53 and a 52-week high of $53.77. The stock has a 50-day moving average of $51.23 and a 200-day moving average of $46.92. The company has a market cap of $6.632 billion and a P/E ratio of 20.36.
Gildan Activewear (NYSE:GIL) last released its earnings data on Thursday, November 21st. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.84 by $0.01. The company had revenue of $626.20 million for the quarter, compared to the consensus estimate of $604.71 million. During the same quarter last year, the company posted $0.78 earnings per share. Gildan Activewear’s revenue was up 11.5% compared to the same quarter last year. Analysts expect that Gildan Activewear will post $3.08 EPS 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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