Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $21.42 in the prior trading day, Gates Industrial Corporation plc (NYSE: GTES) closed at $21.40, down -0.09%. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1.52 million shares were traded.
Ratios:
Our goal is to gain a better understanding of GTES by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.43. For the most recent quarter (mrq), Quick Ratio is recorded 2.26 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.81.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on December 05, 2024, Upgraded its rating to Overweight and sets its target price to $25 from $21 previously.
On September 06, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $19.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on August 19, 2024, whereas the target price for the stock was revised from $20 to $22.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 25 ’24 when BX Gates ML-5 Holdco LLC bought 14,865 shares for $21.39 per share.
BX Gates ML-4 Holdco LLC bought 64,602 shares of GTES for $1,381,837 on Nov 25 ’24. On Nov 25 ’24, another insider, BX Gates ML-3 Holdco LLC, who serves as the insider of the company, bought 1,030 shares for $21.39 each.
Valuation Measures:
As of this moment, Gates’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.01, and their Forward P/E ratio for the next fiscal year is 12.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 1.81.
Stock Price History:
Over the past 52 weeks, GTES has reached a high of $23.85, while it has fallen to a 52-week low of $14.41. The 50-Day Moving Average of the stock is 1.09%, while the 200-Day Moving Average is calculated to be 14.09%.
Shares Statistics:
A total of 255.20M shares are outstanding, with a floating share count of 252.61M. Insiders hold about 1.10% of the company’s shares, while institutions hold 107.62% stake in the company.
Earnings Estimates
The current rating of Gates Industrial Corporation plc (GTES) reflects the combined expertise of 10.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $0.38, with high estimates of $0.41 and low estimates of $0.36.
Analysts are recommending an EPS of between $1.49 and $1.39 for the fiscal current year, implying an average EPS of $1.44. EPS for the following year is $1.7, with 11.0 analysts recommending between $1.79 and $1.57.
Revenue Estimates
8 analysts predict $822.93M in revenue for the current quarter. It ranges from a high estimate of $831M to a low estimate of $819.52M. As of the current estimate, Gates Industrial Corporation plc’s year-ago sales were $862.6MFor the next quarter, 8 analysts are estimating revenue of $872.27M. There is a high estimate of $883M for the next quarter, whereas the lowest estimate is $858.88M.
A total of 9 analysts have provided revenue estimates for GTES’s current fiscal year. The highest revenue estimate was $3.43B, while the lowest revenue estimate was $3.35B, resulting in an average revenue estimate of $3.39B. In the same quarter a year ago, actual revenue was $3.41BBased on 9 analysts’ estimates, the company’s revenue will be $3.54B in the next fiscal year. The high estimate is $3.69B and the low estimate is $3.49B.
