NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis $20.40 -0.27 (-1.31%) (As of 05:27 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Gates Industrial Stock (NYSE:GTES) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Gates Industrial alerts:Sign Up Key Stats Today's Range$20.25▼$20.6550-Day Range$18.29▼$22.9352-Week Range$12.40▼$23.34Volume1.20 million shsAverage Volume3.01 million shsMarket Capitalization$5.20 billionP/E Ratio24.58Dividend YieldN/APrice Target$22.80Consensus RatingModerate Buy Company OverviewGates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.Read More… Gates Industrial Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks91st Percentile Overall ScoreGTES MarketRank™: Gates Industrial scored higher than 91% of companies evaluated by MarketBeat, and ranked 18th out of 181 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.4 / 5Analyst RatingModerate Buy Consensus RatingGates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageGates Industrial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Gates Industrial's stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth15.87% Earnings GrowthEarnings for Gates Industrial are expected to grow by 15.87% in the coming year, from $1.26 to $1.46 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 24.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.28.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 24.58, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.54.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.30% of the float of Gates Industrial has been sold short.Short Interest Ratio / Days to CoverGates Industrial has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently decreased by 26.22%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Sustainability and ESG1.4 / 5Environmental Score-1.94 Percentage of Shares Shorted2.30% of the float of Gates Industrial has been sold short.Short Interest Ratio / Days to CoverGates Industrial has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently decreased by 26.22%, indicating that investor sentiment is improving significantly. News and Social Media2.0 / 5News Sentiment0.59 News SentimentGates Industrial has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Gates Industrial this week, compared to 8 articles on an average week.Search Interest3 people have searched for GTES on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.30% of the stock of Gates Industrial is held by insiders.Percentage Held by Institutions98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Gates Industrial's insider trading history. Receive GTES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter. Email Address GTES Stock News HeadlinesGates Industrial Corp PLC (NYSE:GTES) Given Average Rating of "Moderate Buy" by AnalystsDecember 25, 2024 | americanbankingnews.comGates Industrial Corporation plc (GTES): A Bull Case TheoryDecember 23, 2024 | msn.comLast time you’ll see this priced at $1.00When was the last time you bought something for a buck? I don’t even think you can buy anything at McDonalds for a dollar anymore!December 30, 2024 | StocksToTrade (Ad)Gates Industrial: Bullish Sentiment Continuing Due To Strong Momentum And Elevated EPS GrowthDecember 17, 2024 | seekingalpha.comRBC Capital Reaffirms Their Buy Rating on Gates Industrial (GTES)December 12, 2024 | markets.businessinsider.comAnalyst Scoreboard: 8 Ratings For Gates Industrial CorpDecember 12, 2024 | benzinga.comBarclays Upgrades Gates Industrial (GTES)December 6, 2024 | msn.comGates Industrial (GTES) Gets a Buy from JefferiesDecember 6, 2024 | markets.businessinsider.comSee More Headlines GTES Stock Analysis - Frequently Asked Questions How have GTES shares performed this year? Gates Industrial's stock was trading at $13.42 at the beginning of 2024. Since then, GTES shares have increased by 52.0% and is now trading at $20.40. View the best growth stocks for 2024 here. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) released its earnings results on Sunday, November, 7th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.31. The firm's revenue for the quarter was up 21.1% compared to the same quarter last year. Is Gates Industrial doing a stock buyback? Gates Industrial's Board of Directors approved a share buyback plan on Wednesday, July 31st 2024, which authorizes the company to buy back $250,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued. When did Gates Industrial IPO? Gates Industrial (GTES) raised $751 million in an initial public offering on Thursday, January 25th 2018. The company issued 38,500,000 shares at a price of $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank served as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers. How do I buy shares of Gates Industrial? Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Gates Industrial own? Based on aggregate information from My MarketBeat watchlists, some other companies that Gates Industrial investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET). Company Calendar Last Earnings11/07/2021Today12/30/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorIndustrial Products Industry General industrial machinery & equipment Sub-IndustryN/A Current SymbolNYSE:GTES CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911FaxN/AEmployees14,700Year FoundedN/APrice Target and Rating Average Stock Price Target$22.80 High Stock Price Target$27.00 Low Stock Price Target$16.00 Potential Upside/Downside+11.4%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.83 Trailing P/E Ratio24.66 Forward P/E Ratio16.25 P/E GrowthN/ANet Income$232.90 million Net Margins6.43% Pretax Margin9.06% Return on Equity9.94% Return on Assets4.89% Debt Debt-to-Equity Ratio0.70 Current Ratio3.02 Quick Ratio2.11 Sales & Book Value Annual Sales$3.44 billion Price / Sales1.51 Cash Flow$1.99 per share Price / Cash Flow10.28 Book Value$13.42 per share Price / Book1.53Miscellaneous Outstanding Shares254,718,000Free Float248,859,000Market Cap$5.21 billion OptionableOptionable Beta1.38 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report This page (NYSE:GTES) was last updated on 12/30/2024 by MarketBeat.com Staff From Our Partners Is Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again ...Paradigm Press | Sponsoredliberals FOOLED by Elon’s shocking surpriseElon Musk and Donald Trump fooled everyone. They said it was to “save free speech”... 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