Gates Industrial Corporation plc (GTES) concluded trading on Thursday at a closing price of $21.39, with 3.37 million shares of worth about $72.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.67% during that period and on November 21, 2024 the price saw a gain of about 1.42%. Currently the company’s common shares owned by public are about 264.26M shares, out of which, 244.34M shares are available for trading.
Stock saw a price change of 3.13% in past 5 days and over the past one month there was a price change of 15.31%. Year-to-date (YTD), GTES shares are showing a performance of 59.39% which increased to 76.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.22 but also hit the highest price of $21.54 during that period. The average intraday trading volume for Gates Industrial Corporation plc shares is 2.76 million. The stock is currently trading 5.33% above its 20-day simple moving average (SMA20), while that difference is up 13.95% for SMA50 and it goes to 24.88% higher than SMA200.
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Gates Industrial Corporation plc (NYSE: GTES) currently have 264.26M outstanding shares and institutions hold larger chunk of about 99.62% of that.
The stock has a current market capitalization of $5.45B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 25.69, while it has posted earnings per share of $0.83 in the same period. Its PEG reads 2.34 and has Quick Ratio of 2.11 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTES, volatility over the week remained 2.43% while standing at 2.80% over the month.
Analysts are in expectations that Gates Industrial Corporation plc (GTES) stock would likely to be making an EPS of 0.33 in the current quarter, while forecast for next quarter EPS is 0.39 and it is 1.58 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.32 which is 0.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.39 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.95% while it is estimated to increase by 17.21% in next year. EPS is likely to grow at an annualized rate of 11.00% for next 5-years, compared to annual growth of 0.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on September 06, 2024 offering an Equal-weight rating for the stock and assigned a target price of $19 to it. Coverage by RBC Capital Mkts stated Gates Industrial Corporation plc (GTES) stock as an Outperform in their note to investors on August 19, 2024, suggesting a price target of $22 for the stock. On March 08, 2024, Wolfe Research Upgrade their recommendations, while on February 29, 2024, Jefferies Initiated their ratings for the stock with a price target of $21. Stock get an Overweight rating from KeyBanc Capital Markets on February 22, 2024.
