10 analysts have shared their evaluations of Gates Industrial Corp GTES during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $19.1, a high estimate of $26.00, and a low estimate of $14.00. Witnessing a positive shift, the current average has risen by 13.76% from the previous average price target of $16.79.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive Gates Industrial Corp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Halloran | Baird | Raises | Outperform | $26.00 | $25.00 |
| Jerry Revich | Goldman Sachs | Raises | Neutral | $18.00 | $16.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $20.00 | $17.00 |
| Jerry Revich | Goldman Sachs | Raises | Neutral | $16.00 | $14.00 |
| Jeffrey Hammond | Keybanc | Raises | Overweight | $21.00 | $18.00 |
| Julian Mitchell | Barclays | Raises | Equal-Weight | $17.00 | $15.00 |
| Nigel Coe | Wolfe Research | Announces | Outperform | $20.00 | - |
| Stephen Volkmann | Jefferies | Announces | Buy | $21.00 | - |
| Jeffrey Hammond | Keybanc | Announces | Overweight | $18.00 | - |
| David Raso | Evercore ISI Group | Raises | In-Line | $14.00 | $12.50 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Gates Industrial Corp. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Gates Industrial Corp compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Gates Industrial Corp's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Gates Industrial Corp's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Gates Industrial Corp analyst ratings.
Unveiling the Story Behind Gates Industrial Corp
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
Gates Industrial Corp: Delving into Financials
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Gates Industrial Corp faced challenges, resulting in a decline of approximately -3.36% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Gates Industrial Corp's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 7.29%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.99%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Gates Industrial Corp's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.88%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Gates Industrial Corp's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.8, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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