Gates Industrial Corporation PLC (NYSE:GTES) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give Gates Industrial an average rating of "Moderate Buy" from 11 covering firms (seven buys, four holds) with an average 1-year price target of $30.73.
• The company slightly beat Q4 expectations with EPS $0.38 vs. $0.37 consensus and revenue $856.2M vs. $853.35M, and set FY2026 guidance of 1.520–1.680 EPS.
• Shares opened at $22.12 with a 52-week range of $14.70–$28.47, a market cap of $5.62B and a P/E of 22.8, while institutional investors own about 98.50% of the stock.

Shares of Gates Industrial Corporation PLC (NYSE:GTES - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.7273.

Several research analysts have commented on GTES shares. Robert W. Baird set a $39.00 price objective on Gates Industrial in a research report on Friday, February 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $31.00 target price on shares of Gates Industrial in a research report on Friday, February 13th. 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. Weiss Ratings raised Gates Industrial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. decreased their price target on Gates Industrial from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, December 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System raised its stake in shares of Gates Industrial by 0.6% in the 4th quarter. New York State Teachers Retirement System now owns 85,748 shares of the company's stock valued at $1,841,000 after purchasing an additional 479 shares in the last quarter. Xponance LLC grew its stake in Gates Industrial by 3.7% in the fourth quarter. Xponance LLC now owns 13,792 shares of the company's stock worth $296,000 after purchasing an additional 486 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Gates Industrial by 1.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 52,700 shares of the company's stock valued at $1,308,000 after buying an additional 500 shares during the last quarter. Glenmede Investment Management LP increased its holdings in Gates Industrial by 0.9% in the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company's stock valued at $1,366,000 after buying an additional 514 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in Gates Industrial by 3.8% during the fourth quarter. Lido Advisors LLC now owns 14,069 shares of the company's stock valued at $302,000 after buying an additional 521 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Gates Industrial Price Performance

GTES opened at $22.12 on Friday. Gates Industrial has a 52-week low of $14.70 and a 52-week high of $28.47. The company has a 50 day moving average of $24.87 and a two-hundred day moving average of $24.00. The company has a market cap of $5.62 billion, a P/E ratio of 22.80 and a beta of 1.23. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The business 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 for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, analysts expect that Gates Industrial will post 1.36 earnings per share for the current 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.

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