Evaluating Gates Industrial Corp: Insights From 6 Financial Analysts
Portfolio Pulse from Benzinga Insights
Gates Industrial Corp (NYSE:GTES) has received mixed analyst ratings over the past three months, with a slight increase in the average 12-month price target to $19.83. Analysts have adjusted their ratings and price targets, reflecting varied expectations for the company's performance. Despite a decline in revenue growth, Gates Industrial Corp maintains a strong net margin but faces challenges with ROE, ROA, and a high debt-to-equity ratio.
September 06, 2024 | 3:00 pm
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Gates Industrial Corp has received mixed analyst ratings, with a slight increase in the average 12-month price target to $19.83. The company faces challenges with declining revenue growth and high debt, but maintains a strong net margin.
The mixed analyst ratings and slight increase in price target suggest a neutral short-term impact on GTES stock. The company's strong net margin is a positive, but challenges with revenue decline, ROE, ROA, and high debt create a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100