Gates Industrial Corporation PLC (NYSE:GTES) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $30.1818.

Several equities research analysts have recently issued reports on GTES shares. Weiss Ratings cut Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Wall Street Zen upgraded Gates Industrial from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Robert W. Baird decreased their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. UBS Group restated a “buy” rating and set a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Finally, Barclays decreased their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st.

Gates Industrial Price Performance

Shares of NYSE:GTES opened at $26.09 on Friday. The business’s fifty day moving average price is $24.44 and its two-hundred day moving average price is $23.73. The stock has a market cap of $6.62 billion, a PE ratio of 27.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.66 and a current ratio of 3.67. Gates Industrial has a one year low of $20.39 and a one year high of $28.47.

Gates Industrial (NYSE:GTES) last announced its earnings results on Friday, May 1st. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $851.10 million for the quarter, compared to analysts’ expectations of $859.72 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.Gates Industrial’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, analysts forecast that Gates Industrial will post 1.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Gates Industrial

Several hedge funds have recently made changes to their positions in GTES. Empowered Funds LLC acquired a new stake in shares of Gates Industrial during the first quarter worth $381,000. Creative Planning boosted its holdings in shares of Gates Industrial by 53.9% during the second quarter. Creative Planning now owns 15,435 shares of the company’s stock worth $355,000 after purchasing an additional 5,404 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Gates Industrial by 52.7% during the second quarter. Prudential Financial Inc. now owns 17,940 shares of the company’s stock worth $389,000 after purchasing an additional 6,190 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Gates Industrial by 273.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock worth $67,000 after purchasing an additional 2,131 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Gates Industrial by 8.6% during the second quarter. M&T Bank Corp now owns 11,801 shares of the company’s stock worth $272,000 after purchasing an additional 937 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

About Gates Industrial

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.