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

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $30.7273.

Several brokerages have commented on GTES. Barclays increased their target price on Gates Industrial from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. UBS Group reiterated a “buy” rating and issued a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Morgan Stanley upped their target price on shares of Gates Industrial from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings raised shares of Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price target on shares of Gates Industrial in a research note on Friday, February 13th.

Hedge Funds Weigh In On Gates Industrial

Several hedge funds and other institutional investors have recently modified their holdings of GTES. Los Angeles Capital Management LLC purchased a new stake in Gates Industrial during the fourth quarter valued at $26,000. True Wealth Design LLC grew its stake in shares of Gates Industrial by 133.2% during the 3rd quarter. True Wealth Design LLC now owns 1,166 shares of the company’s stock valued at $29,000 after purchasing an additional 666 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of Gates Industrial by 51.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after purchasing an additional 539 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Gates Industrial by 43.0% in the 2nd quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock worth $48,000 after purchasing an additional 630 shares during the period. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Gates Industrial by 5,123.7% in the third quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company’s stock worth $49,000 after buying an additional 1,947 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Gates Industrial Stock Down 3.9%

NYSE:GTES opened at $22.73 on Friday. 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 firm has a market cap of $5.77 billion, a P/E ratio of 23.43 and a beta of 1.23. Gates Industrial has a fifty-two week low of $14.70 and a fifty-two week high of $28.47. The firm has a 50-day simple moving average of $24.88 and a two-hundred day simple moving average of $23.90.

Gates Industrial (NYSE:GTES) last issued its 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 for the quarter, compared to the consensus estimate of $853.35 million. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Analysts predict that Gates Industrial will post 1.36 earnings per share for the current fiscal year.

Gates Industrial Company Profile

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.