Gildan Activewear Upgraded to Outperform by RBC Capital (GIL)
Gildan Activewear (NYSE:GIL) was upgraded by analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at CSFB raised their price target on shares of Gildan Activewear from C$70.00 to C$75.00 in a research note on Wednesday, July 16th. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Gildan Activewear from C$68.00 to C$71.00 in a research note on Friday, July 4th. They now have an “action list buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Gildan Activewear from $65.00 to $68.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. Gildan Activewear presently has a consensus rating of “Buy” and an average price target of $67.14.
Shares of Gildan Activewear (NYSE:GIL) opened at 61.37 on Friday. Gildan Activewear has a 52-week low of $43.26 and a 52-week high of $62.52. The stock has a 50-day moving average of $58.0 and a 200-day moving average of $53.40. The company has a market cap of $7.503 billion and a P/E ratio of 22.50.
Gildan Activewear (NYSE:GIL) last released its earnings data on Friday, May 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $548.80 million for the quarter, compared to the consensus estimate of $555.22 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that Gildan Activewear will post $3.09 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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