Free Trial
NYSE:GTES

Gates Industrial (GTES) Stock Price, News & Analysis

Gates Industrial logo
$20.78 +0.05 (+0.24%)
(As of 11/15/2024 ET)

About Gates Industrial Stock (NYSE:GTES)

Key Stats

Today's Range
$20.56
$20.86
50-Day Range
$16.35
$21.35
52-Week Range
$11.22
$21.54
Volume
3.13 million shs
Average Volume
3.07 million shs
Market Capitalization
$5.29 billion
P/E Ratio
25.04
Dividend Yield
N/A
Price Target
$20.30
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
83rd Percentile Overall Score

GTES MarketRank™: 

Gates Industrial scored higher than 83% of companies evaluated by MarketBeat, and ranked 47th out of 178 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 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Gates Industrial has been the subject of 5 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 14.40% in the coming year, from $1.25 to $1.43 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Gates Industrial is 25.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.54.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Gates Industrial is 25.04, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.19.

  • Price to Book Value per Share Ratio

    Gates Industrial has a P/B Ratio of 1.53. 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

    4.83% 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 3.8, 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 27.81%, 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

    4.83% 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 3.8, 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 27.81%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Gates Industrial has a news sentiment score of 1.12. 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 0.65 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Gates Industrial this week, compared to 8 articles on an average week.
  • Search Interest

    2 people have searched for GTES on MarketBeat in the last 30 days.
  • MarketBeat Follows

    1 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Gates Industrial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $200,794.00 in company stock and sold $0.00 in 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.
Receive GTES Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter.

GTES Stock News Headlines

Pay offer being considered by health unions
This Bull Market Indicator called NVDA at $116
Every now and again we find an investment idea so incredible we can’t help but share. And today is one of those rare days… Except, today we won't be giving you insight on any one particular stock… But rather, insight on a revolutionary new stock picking indicator… In fact, within the last year, this indicator has become famous for a multitude of reasons… But one of the biggest was because of the buy signal it issued on October 18th, 2022. In fact, on that very day, it said to buy NVDA at $116.37… Anyone who did would be sitting on a tremendously large return today… But even if you missed the original buy signal from October, this incredible indicator issued 11 other buy signals while Nvidia made its epic run…
Gates Industrial price target raised to $21 from $16 at Barclays
See More Headlines

GTES Stock Analysis - Frequently Asked Questions

Gates Industrial's stock was trading at $13.42 at the beginning of 2024. Since then, GTES stock has increased by 54.9% and is now trading at $20.7850.
View the best growth stocks for 2024 here
.

Gates Industrial Corp PLC (NYSE:GTES) released its earnings results on Sunday, November, 7th. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Gates Industrial's revenue was up 21.1% on a year-over-year basis.

Gates Industrial's Board of Directors authorized a stock repurchase program on Wednesday, July 31st 2024, which permits the company to buy back $250,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Gates Industrial (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 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 shareholders of Gates Industrial include Allspring Global Investments Holdings LLC (5.71%), FMR LLC (5.13%), State Street Corp (2.56%) and Janus Henderson Group PLC (2.55%). 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.
Compare Top Brokerages Here.

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
11/15/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

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
$20.30
High Stock Price Target
$22.00
Low Stock Price Target
$16.00
Potential Upside/Downside
-2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
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
$2.17 per share
Book Value
$13.57 per share

Miscellaneous

Free Float
248,859,000
Market Cap
$5.29 billion
Optionable
Optionable
Beta
1.38
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

This page (NYSE:GTES) was last updated on 11/15/2024 by MarketBeat.com Staff
From Our Partners