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How to Buy Gates Industrial Stock

Gates Industrial Corp PLC

Gates Industrial is a specialty industrial machinery company located in Colorado, United States, which is part of the Industrials sector, and is traded under the ticker GTES on the NYSE exchange.

Gates Industrial stock last closed at $17.68, up 0.57% from the previous day, and has increased 54.95% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.25 percentage points. Gates Industrial stock is currently +65.54% from its 52-week low of $10.68, and -1.7% from its 52-week high of $17.99.

As of May 24, 2024, there are 261.38M shares of GTES outstanding. The market capitalization of GTES is $4.62B. In the past 24 hours, 1.73M GTES shares were traded.

How to Buy Gates Industrial Stock

Not sure how to invest in Gates Industrial stock? Here's how.
  1. Choose where to buy Gates Industrial stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Gates Industrial stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Pick your method of payment and add your information.
  4. Analyze Gates Industrial stock: The Gates Industrial ticker symbol is GTES. Is Gates Industrial stock a good investment? Should you buy shares of GTES? How do GTES's underlying business fundamentals look? Do top analysts think Gates Industrial is a good buy? Why has GTES's stock price moved recently? (Hint: Our stock research website can help you evaluate if GTES is a good stock to buy).
  5. Place your GTES buy order: Decide if you will purchase GTES shares at the current market price or use a limit order to buy GTES stock at a specific price.
  6. Keep an eye on your investment in GTES: Create a watchlist to important updates regarding your new investment in Gates Industrial stock.

Step 1: Choose where to buy Gates Industrial stock

You will need a brokerage account to access the NYSE market and buy GTES stock.

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Step 2: Sign up for your brokerage account

Now that you've selected your brokerage, it's time to fill out some personal info so you are able to invest in GTES today.

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Step 3: Deposit funds into your brokerage account

Now that you've opened your account on stock market app, you can securely and quickly fund your account:

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Step 4: Analyze Gates Industrial stock

Once you have identified the best place to buy Gates Industrial stock, it's critical to analyze their stock before you buy, so you truly comprehend the risk and upside.

Gates Industrial shares at a glance

GTES Price
$17.68
1w %
1.9%
1y %
54.95%
5y %
51.5%
P/E
19.01x
P/B
1.45x
P/S
1.31x
PEG
N/A
Revenue
$3.54B
Earnings
$246.50M
Fore. Rev. Growth
2.66%
Fore. Earn. Growth
N/A
Market Cap
$4.62B
Next Earnings
Jun 20, 2024
Next Dividend
N/A

Gates Industrial Zen Score

WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in less time.

You can view all of the due diligence checks on GTES's stock page.

Is GTES stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge GTES's true value.

Using relative valuations measures:

  • GTES could be undervalued based on its P/E ratio of 19.01x, relative to Specialty Industrial Machinery industry P/E ratio of 27.13x
  • GTES may be undervalued based on its P/B ratio of 1.45x, relative to Specialty Industrial Machinery industry P/B ratio of 5.2x

You can access more valuation research on GTES's stock here.

GTES Financials at a glance

Passed Health Checks:

  • There are more short-term assets than short-term liabilities on the GTES balance sheet.
  • GTES profit margin has gone up from 6.1% to 7% in the past year.
  • Total GTES debt is lower than 5 years ago, relative to shareholder equity.

Failed Health Checks:

  • There are more long-term liabilities than short-term assets on the GTES balance sheet.
  • GTES earnings of $453.90M is not sufficient to cover its interest payments.
  • GTES has a relatively high debt to equity ratio of 1.12.
  • GTES's operating cash flow of $407.50M allows it to safely service it's debt of $2.45B.

Do Wall Street analysts think it's a good time to buy Gates Industrial stock

Out of 8 sell side analysts who monitor GTES, the consensus analyst rating on GTES is a Buy

It's important to note that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent GTES Analyst Ratings

Nigel Coe, a top 20% analyst from Wolfe Research upgrades GTES to a buy rating and announces their GTES price target of $20.00, on Mar 8, 2024.

Stephen Volkmann, a top 14% analyst from Jefferies initiates coverage on GTES with a strong buy rating and announces their GTES price target of $21.00, on Feb 29, 2024.

David Raso, a top 17% analyst from Evercore ISI Group maintains GTES with a hold rating and raises their GTES price target from $12.50 to $14.00, on Feb 20, 2024.

You can dive deeper into what analysts are projecting on the Gates Industrial stock forecast page.

GTES Momentum

SMA10
17.35
SMA20
17.05
SMA50
17.3
SMA100
15.59
SMA200
13.71
MACD
0.17
MACD Signal
0.08
MACD Histogram
0.1
RSI
59.54
Stochastic %K
85.75
Stochastic %D
89.44
StochRSI %K
82.11
StochRSI %D
88.44

GTES Revenue

Last year, GTES earnings were $246.50M. Over the past 5 year, GTES's earnings have increased by -20.29% per year. This was slower than the Specialty Industrial Machinery industry average of -0.13%.

Last year, GTES revenue was $3.54B. During the last five year, GTES's revenue has grown by 1.38% per year. This was slower than the Specialty Industrial Machinery industry average of 3.97%.

Find out more about GTES's earnings and revenue performance here.

Latest Insiders Trades at GTES

In the last year, executives and large shareholders at GTES have sold more shares than they have bought.

Blackstone Inc, 10% Owner of GTES, was the latest GTES insider to sell. They sold $6,953,918.21 worth of GTES stock on May 21, 2024.

Dig into more about who owns GTES shares here.

Can I rely on GTES as an income stream?

No, Gates Industrial doesn't provide an income stream by paying out dividends.

What do other traders have to say about GTES?

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Step 5: Place your GTES buy order

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.

Hit the Open Trade button and your broker will place the order.

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Step 6: Keep an eye on your investment in GTES

Now that you own some GTES stock, you'll want to keep up with your stock purchase.

Add GTES to a watchlist to get notified of important updates regarding your GTES stock.

GTES Feed

How to Buy Stock in Gates Industrial

To summarize, here are the 6 steps to buy stock in Gates Industrial:

  1. Choose where to buy Gates Industrial stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Gates Industrial stock
  5. Place your GTES buy order
  6. Keep an eye on your investment in GTES

If you require a brokerage, eToro is our favorite venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your investment in Gates Industrial, create a watchlist on WallStreetZen today.

NYSE: GTES
$17.68+0.10 (+0.57%)
Updated May 24, 2024
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NYSE: GTES
$17.68+0.10 (+0.57%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Gates Industrial share?

As of May 24, 2024, it costs $17.68 to buy one share of Gates Industrial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $8, you can buy 0.452 shares of GTES.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Gates Industrial stock?

According to 8 Wall Street analysts who monitor Gates Industrial, their consensus recommendation is to buy Gates Industrial stock.

What is the best way to buy Gates Industrial stock?

One way to place an order for Gates Industrial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.