Gates Industrial Corporation plc (GTES)
NYSE: GTES · IEX Real-Time Price · USD
15.49
+0.02 (0.13%)
At close: Jul 2, 2024, 4:00 PM
15.92
+0.43 (2.78%)
After-hours: Jul 2, 2024, 7:28 PM EDT
GTES Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for GTES stock have an average target of 19, with a low estimate of 14 and a high estimate of 26. The average target predicts an increase of 22.66% from the current stock price of 15.49.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for GTES stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 2 |
| Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Hold | 7 | 4 | 5 | 5 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 8 | 10 | 11 | 11 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $17 → $16 | Hold | Maintains | $17 → $16 | +3.29% | Jun 4, 2024 |
| Baird | Baird | Buy Maintains $25 → $26 | Buy | Maintains | $25 → $26 | +67.85% | May 2, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $16 → $18 | Hold | Maintains | $16 → $18 | +16.20% | Apr 16, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $17 → $20 | Strong Buy | Maintains | $17 → $20 | +29.12% | Apr 8, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $14 → $16 | Hold | Maintains | $14 → $16 | +3.29% | Mar 12, 2024 |
Financial Forecast
Revenue This Year
3.60B
from 3.57B
Increased by 0.83%
Revenue Next Year
3.77B
from 3.60B
Increased by 4.67%
EPS This Year
1.43
from 0.84
Increased by 69.90%
EPS Next Year
1.69
from 1.43
Increased by 18.66%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.8B | 4.0B | 4.1B |
| Avg | 3.6B | 3.8B | 3.9B |
| Low | 3.4B | 3.5B | 3.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.0% | 10.5% | 9.1% |
| Avg | 0.8% | 4.7% | 4.0% |
| Low | -4.2% | -1.7% | -3.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.51 | 1.92 | 2.24 |
| Avg | 1.43 | 1.69 | 1.93 |
| Low | 1.34 | 1.52 | 1.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 79.4% | 34.6% | 32.1% |
| Avg | 69.9% | 18.7% | 14.0% |
| Low | 59.8% | 6.4% | 0.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.