Gates Industrial Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Gates Industrial stock.
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Gates Industrial saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 322,500 shares, an increase of 38.0% from the January 14th total of 233,700 shares. Based on an average daily volume of 224,900 shares, the short-interest ratio is currently 1.4 days. Approximately 0.7% of the company's stock are short sold.
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Gates Industrial is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Gates Industrial.

Gates Industrial Corp PLC (NYSE:GTES) released its earnings results on Sunday, February, 7th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.01. The business earned $794.30 million during the quarter, compared to analysts' expectations of $722.59 million. Gates Industrial had a trailing twelve-month return on equity of 6.84% and a net margin of 2.73%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share.
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Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GTES stock has increased by 77.6% and is now trading at $15.59.
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Gates Industrial updated its FY 2021 Pre-Market earnings guidance on Monday, February, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.082-3.223 billion, compared to the consensus revenue estimate of $3.02 billion.

7 Wall Street analysts have issued 1-year target prices for Gates Industrial's shares. Their forecasts range from $15.00 to $22.00. On average, they anticipate Gates Industrial's share price to reach $18.64 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price.
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108 employees have rated Gates Industrial CEO Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among Gates Industrial's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Gates Industrial include Rexnord (RXN), IMI (IMIAY), Graham (GHM), Greenland Technologies (GTEC), Twin Disc (TWIN) and Seychelle Environmental Technologies (SYEV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG), Novavax (NVAX), Intel (INTC), Pure Storage (PSTG) and The Boeing (BA).

(GTES) raised $751 million in an initial public offering (IPO) on Thursday, January 25th 2018. The company issued 38,500,000 shares at a price of $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank acted as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers.

Gates Industrial trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTES."

Gates Industrial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (2.57%), Cooke & Bieler LP (1.41%), JPMorgan Chase & Co. (1.40%), BlackRock Inc. (0.72%), Dimensional Fund Advisors LP (0.49%) and Handelsbanken Fonder AB (0.36%). Company insiders that own Gates Industrial stock include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Grant Gawronski, Ivo Jurek, Jamey S Seely and Walter Lifsey.
View institutional ownership trends for Gates Industrial.

GTES stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Cooke & Bieler LP, JPMorgan Chase & Co., Wells Fargo & Company MN, Janus Henderson Group PLC, Strs Ohio, Aperio Group LLC, and Northern Trust Corp.
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GTES stock was bought by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Handelsinvest Investeringsforvaltning, BlackRock Inc., Walleye Capital LLC, Renaissance Technologies LLC, Kennedy Capital Management Inc., Russell Investments Group Ltd., and Hsbc Holdings PLC. Company insiders that have bought Gates Industrial stock in the last two years include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Grant Gawronski, Ivo Jurek, Jamey S Seely, and Walter Lifsey.
View insider buying and selling activity for Gates Industrial or or view top insider-buying stocks.

Shares of GTES can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTES stock can currently be purchased for approximately $15.59.

Gates Industrial has a market capitalization of $4.52 billion and generates $3.09 billion in revenue each year. The company earns $690.10 million in net income (profit) each year or $0.91 on an earnings per share basis.

Gates Industrial employs 14,700 workers across the globe.

The official website for Gates Industrial is www.gates.com.

Gates Industrial is headquartered at 1144 FIFTEENTH STREET, DENVER CO, 80202.

Gates Industrial's mailing address is 1144 FIFTEENTH STREET, DENVER CO, 80202. The company can be reached via phone at 303-744-1911 or via email at [email protected]