Desjardins Forecasts Strong Price Appreciation for Gildan Activewear (TSE:GIL) Stock

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective increased by equities researchers at Desjardins from C$95.00 to C$108.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 14.23% from the stock’s current price.

Separately, TD Securities upped their price objective on Gildan Activewear from C$74.00 to C$77.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$85.00.

Gildan Activewear Stock Down 3.1%

Shares of TSE:GIL opened at C$94.55 on Wednesday. Gildan Activewear has a 12 month low of C$52.77 and a 12 month high of C$100.44. The company’s 50-day moving average price is C$91.31 and its two-hundred day moving average price is C$83.88. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market cap of C$17.51 billion, a P/E ratio of 30.40, a P/E/G ratio of 4.55 and a beta of 1.41.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Thursday, February 26th. The company reported C$1.31 earnings per share for the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. The company had revenue of C$1.41 billion during the quarter. As a group, research analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.