Breaking Down Gates Industrial Corp: 6 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Gates Industrial Corp (NYSE:GTES) has been evaluated by 6 analysts over the past three months, showing a range of opinions from somewhat bullish to indifferent. The average 12-month price target is $19.33, with a high of $22.00 and a low of $16.00. Recent analyst actions include both raises and lowers in ratings and price targets. Financially, Gates Industrial faces challenges with declining revenue, low net margin, ROE, and ROA, and a high debt-to-equity ratio.
August 19, 2024 | 3:01 pm
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NEUTRAL IMPACT
Gates Industrial Corp has received mixed analyst ratings, with a slight increase in the average price target to $19.33. Financial challenges include declining revenue, low profitability metrics, and high debt levels.
The mixed analyst ratings, with no bullish or bearish ratings, suggest a neutral short-term impact on GTES stock. The slight increase in the average price target indicates some positive sentiment, but financial challenges such as declining revenue and high debt levels may offset this. Therefore, the overall short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100