While Gates Industrial Corporation plc has overperformed by 1.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GTES rose by 44.33%, with highs and lows ranging from $19.07 to $10.68, whereas the simple moving average jumped by 8.30% in the last 200 days.
On September 06, 2024, Morgan Stanley started tracking Gates Industrial Corporation plc (NYSE: GTES) recommending Equal-Weight. A report published by RBC Capital Mkts on August 19, 2024, Upgraded its rating to ‘Outperform’ for GTES. Wolfe Research also Upgraded GTES shares as ‘Outperform’, setting a target price of $20 on the company’s shares in a report dated March 08, 2024. Jefferies Initiated an Buy rating on February 29, 2024, and assigned a price target of $21. KeyBanc Capital Markets February 22, 2024d its ‘Sector Weight’ rating to ‘Overweight’ for GTES, as published in its report on February 22, 2024. Goldman’s report from June 20, 2023 suggests a price prediction of $14.50 for GTES shares, giving the stock a ‘Neutral’ rating. KeyBanc Capital Markets also rated the stock as ‘Sector Weight’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Gates Industrial Corporation plc (GTES)
Further, the quarter-over-quarter decrease in sales is -5.43%, showing a negative trend in the upcoming months.
One of the most important indicators of Gates Industrial Corporation plc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 8.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GTES is recording 3.69M average volume. On a monthly basis, the volatility of the stock is set at 2.80%, whereas on a weekly basis, it is put at 3.24%, with a gain of 1.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.45, showing growth from the present price of $16.93, which can serve as yet another indication of whether GTES is worth investing in or should be passed over.
How Do You Analyze Gates Industrial Corporation plc Shares?
The Specialty Industrial Machinery market is dominated by Gates Industrial Corporation plc (GTES) based in the USA. When comparing Gates Industrial Corporation plc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.90, there is a growth in quarterly earnings of 14.60%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.44%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GTES shares are owned by institutional investors to the tune of 79.30% at present.
