Gates Industrial Corporation PLC (NYSE:GTES) Stock Has Consensus Price Target of $32.45

Key Points

• Analyst sentiment is moderately bullish: Thirteen analysts give Gates Industrial a consensus “Moderate Buy” rating, with nine buys and four holds. The average 12-month price target is $32.45, above the reported share price of $27.78.
• Gates Industrial exceeded quarterly expectations: The company reported adjusted EPS of $0.44 versus the $0.42 consensus estimate and revenue of $941.6 million, up 6.6% year over year and above estimates.
• Institutional ownership remains high: Institutional investors own 98.5% of the stock, while company insiders own 2.8%; one director recently sold 6,000 shares at an average price of $29.56.

Gates Industrial Corporation PLC (NYSE:GTES - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.45.

Several research analysts have weighed in on GTES shares. DA Davidson started coverage on Gates Industrial in a research report on Tuesday, September 1st. They issued a "neutral" rating and a $29.00 price objective on the stock. Wells Fargo & Company raised their target price on Gates Industrial from $26.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Gates Industrial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 26th. Wolfe Research reissued an "outperform" rating and issued a $33.00 price target on shares of Gates Industrial in a report on Thursday, July 9th. Finally, Robert W. Baird increased their price target on shares of Gates Industrial from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd.

Gates Industrial Price Performance

Shares of GTES opened at $27.78 on Tuesday. The business's fifty day moving average is $26.64 and its 200 day moving average is $25.92. Gates Industrial has a 12-month low of $20.88 and a 12-month high of $30.34. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58. The stock has a market cap of $7.03 billion, a P/E ratio of 19.70 and a beta of 1.28.

Gates Industrial (NYSE:GTES - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The business had revenue of $941.60 million during the quarter, compared to the consensus estimate of $927.28 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Gates Industrial's revenue was up 6.6% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. Sell-side analysts anticipate that Gates Industrial will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gates Industrial news, Director Peifang Zhang sold 6,000 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total value of $177,360.00. Following the transaction, the director directly owned 44,044 shares in the company, valued at $1,301,940.64. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Gates Industrial

A number of hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. lifted its position in shares of Gates Industrial by 16.4% during the 2nd quarter. QRG Capital Management Inc. now owns 16,947 shares of the company's stock valued at $474,000 after buying an additional 2,382 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Gates Industrial by 93.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 34,116 shares of the company's stock valued at $954,000 after acquiring an additional 16,451 shares during the period. Tidal Investments LLC raised its stake in Gates Industrial by 2.6% in the 2nd quarter. Tidal Investments LLC now owns 597,076 shares of the company's stock valued at $16,700,000 after acquiring an additional 15,203 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Gates Industrial during the second quarter valued at about $120,000. Finally, NewEdge Advisors LLC lifted its holdings in Gates Industrial by 848.5% during the second quarter. NewEdge Advisors LLC now owns 8,527 shares of the company's stock valued at $239,000 after purchasing an additional 7,628 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

About Gates Industrial

Gates Industrial Corporation plc NYSE: GTES is a global manufacturer of engineered power transmission and fluid power products. The company develops and supplies belts, hoses, hydraulic components, and related systems used to transfer power, control motion, and manage the flow of fluids in industrial and mobile equipment.

Its products serve a broad range of markets, including automotive and industrial aftermarket, construction, agriculture, energy, manufacturing, transportation, and other applications requiring durable motion and fluid-management solutions.

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