Gates Industrial Corporation PLC (NYSE:GTES) Given Consensus Rating of “Moderate Buy” by Brokerages

Gates Industrial Corporation PLC (NYSE:GTES) has been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $30.2727.

GTES has been the subject of a number of recent research reports. Robert W. Baird set a $39.00 target price on Gates Industrial in a report on Friday, February 13th. Barclays upped their price target on Gates Industrial from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. cut their price objective on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 target price on shares of Gates Industrial in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Gates Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th.

Gates Industrial Price Performance

NYSE:GTES opened at $27.59 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.42 and a current ratio of 3.37. The company has a 50-day moving average of $23.65 and a 200-day moving average of $23.94. Gates Industrial has a 52 week low of $14.70 and a 52 week high of $28.47. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 28.45 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $856.20 million during the quarter, compared to analyst estimates of $853.35 million. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, equities research analysts anticipate that Gates Industrial will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GTES. Dean Capital Management increased its holdings in Gates Industrial by 3.2% during the 4th quarter. Dean Capital Management now owns 92,225 shares of the company’s stock valued at $1,980,000 after purchasing an additional 2,846 shares in the last quarter. Invesco Ltd. boosted its stake in Gates Industrial by 5.9% in the fourth quarter. Invesco Ltd. now owns 8,322,654 shares of the company’s stock worth $178,687,000 after purchasing an additional 461,160 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Gates Industrial by 9.3% during the fourth quarter. Corient Private Wealth LLC now owns 190,929 shares of the company’s stock worth $3,890,000 after purchasing an additional 16,219 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Gates Industrial in the fourth quarter valued at $402,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Gates Industrial by 17.7% in the fourth quarter. Mackenzie Financial Corp now owns 844,064 shares of the company’s stock valued at $18,381,000 after buying an additional 126,847 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

About Gates Industrial

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.