Gates Industrial Corporation plc (GTES)
NYSE: GTES · Real-Time Price · USD
21.09
-0.19 (-0.89%)
Nov 20, 2024, 4:00 PM EST - Market closed
GTES Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for GTES stock have an average target of 20.3, with a low estimate of 16 and a high estimate of 22. The average target predicts a decrease of -3.75% from the current stock price of 21.09.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for GTES stock from 10 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 4 | 4 | 4 | 4 |
| Hold | 4 | 4 | 3 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $16 → $21 | Hold | Maintains | $16 → $21 | -0.43% | Nov 5, 2024 |
| Keybanc | Keybanc | Buy Maintains $21 → $22 | Buy | Maintains | $21 → $22 | +4.31% | Oct 31, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Initiates $19 | Hold | Initiates | $19 | -9.91% | Sep 6, 2024 |
| RBC Capital | RBC Capital | Hold → Buy Upgrades $20 → $22 | Hold → Buy | Upgrades | $20 → $22 | +4.31% | Aug 19, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $15 → $16 | Hold | Maintains | $15 → $16 | -24.13% | Aug 19, 2024 |
Financial Forecast
Revenue This Year
3.48B
from 3.56B
Decreased by -2.20%
Revenue Next Year
3.61B
from 3.48B
Increased by 3.79%
EPS This Year
1.37
from 0.73
Increased by 88.68%
EPS Next Year
1.62
from 1.37
Increased by 17.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.6B | 3.8B | 4.0B |
| Avg | 3.5B | 3.6B | 3.8B |
| Low | 3.3B | 3.4B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.4% | 9.4% | 10.3% |
| Avg | -2.2% | 3.8% | 4.0% |
| Low | -6.6% | -2.8% | -3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.43 | 1.75 | 2.09 |
| Avg | 1.37 | 1.62 | 1.84 |
| Low | 1.29 | 1.49 | 1.61 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 96.2% | 27.7% | 29.3% |
| Avg | 88.7% | 17.7% | 13.6% |
| Low | 77.7% | 8.6% | -0.2% |
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.