Currently, there are 264.26M common shares owned by the public and among those 233.07M shares have been available to trade.
The company’s stock has a 5-day price change of 10.84% and 25.56% over the past three months. GTES shares are trading 50.82% year to date (YTD), with the 12-month market performance up to 74.03% higher. It has a 12-month low price of $11.11 and touched a high of $20.01 over the same period. GTES has an average intraday trading volume of 2.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.23%, 13.62%, and 21.57% respectively.
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Institutional ownership of Gates Industrial Corporation plc (NYSE: GTES) shares accounts for 88.75% of the company’s 264.26M shares outstanding.
It has a market capitalization of $5.16B and a beta (3y monthly) value of 1.37. The stock’s trailing 12-month PE ratio is 24.31, while the earnings-per-share (ttm) stands at $0.83. The company has a PEG of 2.21 and a Quick Ratio of 2.11 with the debt-to-equity ratio at 0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.48% over the week and 2.61% over the month.
Earnings per share for the fiscal year are expected to decrease by -1.21%, and 16.58% over the next financial year. EPS should grow at an annualized rate of 11.00% over the next five years, compared to 0.10% over the past 5-year period.
Looking at the support for the GTES, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on September 06, 2024, with the firm’s price target at $19. RBC Capital Mkts coverage for the Gates Industrial Corporation plc (GTES) stock in a research note released on August 19, 2024 offered a Outperform rating with a price target of $22. Wolfe Research was of a view on March 08, 2024 that the stock is Outperform, while Jefferies gave the stock Buy rating on February 29, 2024, issuing a price target of $21. KeyBanc Capital Markets on their part issued Overweight rating on February 22, 2024.
