Barclays Has Lowered Expectations for Gates Industrial (NYSE:GTES) Stock Price

Key Points

• Barclays cut its price target for Gates Industrial to $28 from $32 while retaining an "overweight" rating, a target that implies roughly a 21% upside from the current share price.
• The stock carries a consensus of "Moderate Buy" with an average analyst target of $30.36 (seven Buys, four Holds), indicating mixed but generally positive analyst sentiment.
• Gates slightly beat the quarter (EPS $0.38 vs. $0.37; revenue $856.2M vs. $853.35M) and issued FY2026 guidance of 1.520–1.680 EPS, above the current sell-side forecast for the year.

Gates Industrial (NYSE:GTES - Get Free Report) had its price objective reduced by analysts at Barclays from $32.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 21.02% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Robert W. Baird set a $39.00 price target on shares of Gates Industrial in a research report on Friday, February 13th. Citigroup raised their target price on shares of Gates Industrial from $27.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Morgan Stanley lifted their target price on shares of Gates Industrial from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. cut their target price on shares of Gates Industrial from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, December 16th. Finally, Weiss Ratings raised Gates Industrial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 13th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.36.

Gates Industrial Stock Up 2.3%

NYSE GTES traded up $0.53 during trading on Wednesday, hitting $23.14. 856,195 shares of the company traded hands, compared to its average volume of 2,559,667. Gates Industrial has a 12 month low of $14.70 and a 12 month high of $28.47. The business has a fifty day simple moving average of $24.83 and a 200 day simple moving average of $23.80. The company has a market capitalization of $5.87 billion, a P/E ratio of 23.86 and a beta of 1.23. The company has a current ratio of 3.37, a quick ratio of 2.42 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES - Get Free Report) last released 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. Gates Industrial had a return on equity of 10.36% and a net margin of 7.30%.The company had revenue of $856.20 million during the quarter, compared to the consensus estimate of $853.35 million. During the same quarter in the prior year, the company posted $0.36 EPS. The firm's revenue was up 3.2% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, sell-side analysts predict that Gates Industrial will post 1.36 EPS for the current year.

Hedge Funds Weigh In On Gates Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC boosted its holdings in Gates Industrial by 133.2% in 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. Los Angeles Capital Management LLC bought a new position in shares of Gates Industrial during the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC raised its position in shares of Gates Industrial by 51.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company's stock valued at $34,000 after buying an additional 539 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake 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 valued at $49,000 after buying an additional 1,947 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Gates Industrial in the third quarter valued at about $51,000. Institutional investors own 98.50% of the company's stock.

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.

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