9 analysts have shared their evaluations of Gates Industrial Corp GTES during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 3 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Gates Industrial Corp, presenting an average target of $18.33, a high estimate of $21.00, and a low estimate of $14.00. Surpassing the previous average price target of $15.42, the current average has increased by 18.87%.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of Gates Industrial Corp by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jerry Revich | Goldman Sachs | Raises | Neutral | $18.00 | $16.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $20.00 | $17.00 |
| Jerry Revich | Goldman Sachs | Raises | Neutral | $16.00 | $14.00 |
| Jeffrey Hammond | Keybanc | Raises | Overweight | $21.00 | $18.00 |
| Julian Mitchell | Barclays | Raises | Equal-Weight | $17.00 | $15.00 |
| Nigel Coe | Wolfe Research | Announces | Outperform | $20.00 | - |
| Stephen Volkmann | Jefferies | Announces | Buy | $21.00 | - |
| Jeffrey Hammond | Keybanc | Announces | Overweight | $18.00 | - |
| David Raso | Evercore ISI Group | Raises | In-Line | $14.00 | $12.50 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Gates Industrial Corp. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Gates Industrial Corp compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Gates Industrial Corp's stock. This examination reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Gates Industrial Corp's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Gates Industrial Corp analyst ratings.
About Gates Industrial Corp
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
Gates Industrial Corp: Financial Performance Dissected
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Gates Industrial Corp's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -3.36%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Gates Industrial Corp's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 7.29%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Gates Industrial Corp's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.99%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Gates Industrial Corp's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.88%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Gates Industrial Corp's debt-to-equity ratio surpasses industry norms, standing at 0.8. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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