Gildan Activewear Receives Consensus Rating of “Buy” from Brokerages (NYSE:GIL)
Shares of Gildan Activewear (NYSE:GIL) have earned a consensus rating of “Buy” from the twenty analysts that are currently covering the company, American Banking & Market News reports. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $68.25.
A number of research firms have recently commented on GIL. Analysts at Desjardins cut their price target on shares of Gildan Activewear from C$76.00 to C$74.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Gildan Activewear in a research note on Friday, August 1st. They now have a $54.00 price target on the stock, up previously from $52.00. Finally, analysts at CIBC raised their price target on shares of Gildan Activewear from $62.00 to $67.00 in a research note on Friday, August 1st.
Gildan Activewear (NYSE:GIL) opened at 57.31 on Tuesday. Gildan Activewear has a 52 week low of $44.36 and a 52 week high of $62.52. The stock’s 50-day moving average is $58.73 and its 200-day moving average is $54.36. The company has a market cap of $7.007 billion and a price-to-earnings ratio of 21.16.
Gildan Activewear (NYSE:GIL) last released its earnings data on Thursday, July 31st. The company reported $0.95 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Gildan Activewear will post $3.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 8th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.108 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, August 12th.
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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