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NYSE:GTES

Gates Industrial (GTES) Stock Price, News & Analysis

Gates Industrial logo
$20.24 +0.22 (+1.07%)
Closing price 03:59 PM Eastern
Extended Trading
$20.15 -0.08 (-0.42%)
As of 04:48 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Gates Industrial Stock (NYSE:GTES)

Key Stats

Today's Range
$19.88
$20.31
50-Day Range
$19.75
$22.93
52-Week Range
$12.40
$23.34
Volume
1.76 million shs
Average Volume
2.11 million shs
Market Capitalization
$5.15 billion
P/E Ratio
24.38
Dividend Yield
N/A
Price Target
$22.50
Consensus Rating
Moderate Buy

Company Overview

Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.

Gates Industrial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

GTES MarketRank™: 

Gates Industrial scored higher than 84% of companies evaluated by MarketBeat, and ranked 48th out of 177 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Gates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Gates Industrial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Gates Industrial's stock forecast and price target.
  • Earnings Growth

    Earnings for Gates Industrial are expected to grow by 11.11% in the coming year, from $1.26 to $1.40 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Gates Industrial is 24.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Gates Industrial is 24.38, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.52.

  • Price to Book Value per Share Ratio

    Gates Industrial has a P/B Ratio of 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Gates Industrial's valuation and earnings.
  • Percentage of Shares Shorted

    2.50% of the float of Gates Industrial has been sold short.
  • Short Interest Ratio / Days to Cover

    Gates Industrial has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gates Industrial has recently increased by 8.39%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Gates Industrial does not currently pay a dividend.

  • Dividend Growth

    Gates Industrial does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.50% of the float of Gates Industrial has been sold short.
  • Short Interest Ratio / Days to Cover

    Gates Industrial has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gates Industrial has recently increased by 8.39%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Gates Industrial has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Gates Industrial this week, compared to 8 articles on an average week.
  • Search Interest

    3 people have searched for GTES on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Gates Industrial insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.30% of the stock of Gates Industrial is held by insiders.

  • Percentage Held by Institutions

    98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Gates Industrial's insider trading history.
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GTES Stock News Headlines

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Gates Industrial price target lowered to $24 from $27 at Citi
Barclays Sticks to Its Buy Rating for Gates Industrial (GTES)
Gates Industrial price target lowered to $84 from $86 at RBC Capital
See More Headlines

GTES Stock Analysis - Frequently Asked Questions

Gates Industrial's stock was trading at $20.57 at the beginning of 2025. Since then, GTES shares have decreased by 1.6% and is now trading at $20.2350.
View the best growth stocks for 2025 here
.

Gates Industrial Corp PLC (NYSE:GTES) issued its quarterly earnings data on Sunday, November, 7th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The firm's revenue was up 21.1% compared to the same quarter last year.

Gates Industrial's board approved a stock buyback plan on Wednesday, July 31st 2024, which authorizes the company to repurchase $250,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Gates Industrial (GTES) raised $751 million in an 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 served 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.

Top institutional investors of Gates Industrial include Jennison Associates LLC (2.08%), Confluence Investment Management LLC (0.41%), KBC Group NV (0.06%) and Olstein Capital Management L.P. (0.06%). Insiders that own company stock include Neil P Simpkins, Ivo Jurek, Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson and Wilson S Neely.
View institutional ownership trends
.

Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Gates Industrial investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

Last Earnings
11/07/2021
Today
1/28/2025
Next Earnings (Estimated)
2/13/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
N/A
Fax
N/A
Employees
14,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.50
High Stock Price Target
$26.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+12.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$232.90 million
Pretax Margin
9.06%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.10 per share
Book Value
$13.42 per share

Miscellaneous

Free Float
248,859,000
Market Cap
$5.08 billion
Optionable
Optionable
Beta
1.38
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This page (NYSE:GTES) was last updated on 1/28/2025 by MarketBeat.com Staff
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