Gildan Activewear PT Raised to C$66.50 (GIL)
Equities researchers at Desjardins boosted their target price on shares of Gildan Activewear (NYSE:GIL) from C$64.00 to C$66.50 in a research report issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock.
Shares of Gildan Activewear (NYSE:GIL) traded up 1.03% on Tuesday, hitting $52.17. 80,229 shares of the company’s stock traded hands. Gildan Activewear has a 1-year low of $34.53 and a 1-year high of $55.00. The stock’s 50-day moving average is $52.7 and its 200-day moving average is $47.94. The company has a market cap of $6.360 billion and a price-to-earnings ratio of 19.79.
Gildan Activewear (NYSE:GIL) last announced its earnings results on Thursday, November 21st. The company reported $0.83 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts expect that Gildan Activewear will post $3.08 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Gildan Activewear from C$59.00 to C$67.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Gildan Activewear from C$60.00 to C$70.00 in a research note to investors on Tuesday, January 21st. They now have a “focus stock” rating on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Gildan Activewear currently has a consensus rating of “Buy” and an average price target of $54.18.
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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