KeyBanc Capital Markets raised the price target for the Gates Industrial Corporation plc (NYSE:GTES) stock from “an Overweight” to “a Sector weight”. The rating was released on February 10, 2023, according to finviz. We previously noted in another research note published on August 11, 2022 by Evercore ISI that downgraded the stock from an Outperform to an In-line with a price target of $13.50 for GTES stock. The research report from RBC Capital Mkts has downgraded the stock from Outperform to Sector Perform, with a price target set at $14. In their research brief published December 06, 2021, Barclays analysts downgraded the Gates Industrial Corporation plc stock from Overweight to Equal Weight with a price target of $18.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Gates Industrial Corporation plc (NYSE:GTES) dipped -3.11% to close Friday’s market session at $13.07, lower as compared to yesterday’s close. The stock price fluctuated between $13.005 and $13.38 throughout the trading session with the volume trading being 775271 shares, which represented a significant variation when compared to the three months average volume of 753.47K shares. The firm’s stock price fluctuated -2.97% within the last five trades and -8.28% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 16.70% in the last 6 months and 15.66% was added to its value over the previous 3 months. GTES stock is trading at a margin of -6.23%, -2.19% and 10.90% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, GTES deals in the Industrials domain. The stock is trading -20.50 percent below its 52-week high and 39.04 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -8.83. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Gates Industrial Corporation plc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 10.80 percent and the profit margin is 6.20 percent, and the company has reported a gross margin of 35.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.83 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Gates Industrial Corporation plc (NYSE:GTES) is 16.95. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.61. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.08 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.19, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Neely Wilson S, the Director at Gates Industrial Corporation plc (GTES) has bought 3,000 shares of firm on Aug 30 at a price of $10.84 against the total amount of $32505.0. In another inside trade, Blackstone Inc, 10% Owner of Gates Industrial Corporation plc (NYSE:GTES) sold 13,750,000 shares of the firm on Mar 30 for a total worth of $208.18 million at a price of $15.14. An inside trade which took place on Mar 30, 10% Owner of Gates Industrial Corporation plc Omaha Aggregator (Cayman) L.P. sold 13,750,000 shares of firm against total price of $208.18 million at the cost of $15.14 per share.