Gildan Activewear Upgraded to “Buy” by DA Davidson (GIL)
Gildan Activewear (NYSE:GIL) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report issued on Friday. The firm currently has a $68.00 price target on the stock, up from their previous price target of $61.00. DA Davidson’s target price would indicate a potential upside of 16.12% from the stock’s previous close.
A number of other firms have also recently commented on GIL. Analysts at Bank of America upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating in a research note on Friday. Separately, analysts at Stifel Nicolaus upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $72.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Gildan Activewear from $66.00 to $68.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.60.
Gildan Activewear (NYSE:GIL) traded up 0.99% on Friday, hitting $59.137. The stock had a trading volume of 83,738 shares. 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 $58.63 and a 200-day moving average of $53.62. The company has a market cap of $7.230 billion and a price-to-earnings ratio of 21.62.
Gildan Activewear (NYSE:GIL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.01. The company had revenue of $693.80 million for the quarter, compared to the consensus estimate of $695.85 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Gildan Activewear will post $3.09 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.