Gates Industrial Corporation PLC (NYSE:GTES) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.00.

GTES has been the subject of several research analyst reports. Barclays lowered their price target on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Robert W. Baird reduced their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Wall Street Zen cut Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Morgan Stanley increased their price objective on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Finally, Weiss Ratings cut Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st.

Institutional Trading of Gates Industrial

Several hedge funds have recently modified their holdings of GTES. Los Angeles Capital Management LLC acquired a new stake in shares of Gates Industrial in the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Gates Industrial by 51.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after acquiring an additional 539 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Gates Industrial by 46.3% in the first quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock valued at $37,000 after acquiring an additional 514 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Gates Industrial by 37.7% in the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock valued at $57,000 after acquiring an additional 694 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Gates Industrial in the third quarter valued at $65,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Gates Industrial Trading Down 0.6%

GTES opened at $28.83 on Friday. Gates Industrial has a 52 week low of $20.88 and a 52 week high of $29.17. The business has a fifty day simple moving average of $25.97 and a 200-day simple moving average of $24.56. The firm has a market cap of $7.32 billion, a P/E ratio of 30.04 and a beta of 1.27. The company has a quick ratio of 2.66, a current ratio of 3.67 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES) last released its quarterly earnings results on Friday, May 1st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The business had revenue of $851.10 million during the quarter, compared to analyst estimates of $859.72 million. During the same period last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities analysts expect that Gates Industrial will post 1.55 earnings per share for the current year.

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.