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NYSE: GTES
Gates Industrial Corp plc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for GTES

Based on 6 analysts offering 12 month price targets for Gates Industrial Corp plc.
Min Forecast
$18.00+12.43%
Avg Forecast
$20.83+30.12%
Max Forecast
$26.00+62.4%

Should I buy or sell GTES stock?

Based on 7 analysts offering ratings for Gates Industrial Corp plc.
Buy
Strong Buy
1 analysts 14.29%
Buy
3 analysts 42.86%
Hold
3 analysts 42.86%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

GTES stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Barclays
Top 10%
91
HoldDowngrades$18.00+12.43%2021-12-06
RBC Capital
Top 22%
79
BuyMaintains$21.00+31.17%2021-11-09
Morgan Stanley
Top 7%
94
HoldMaintains$19.00+18.68%2021-10-07
Credit Suisse
Bottom 1%
1
HoldMaintains$22.00+37.41%2021-08-10
Baird
Top 19%
82
BuyInitiates Coverage On$26.00+62.40%2021-05-26
Wolfe Research
Bottom 22%
22
BuyInitiates Coverage OnN/AN/A2021-05-19
Anonymous
Credit Suisse
HoldMaintains$21.00+31.17%2021-05-11
KeyBanc
Top 9%
92
Strong BuyMaintains$19.00+18.68%2021-02-09

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Forecast return on equity

Is GTES forecast to generate an efficient return?
Company
15.29%
Industry
27.16%
Market
46.47%
GTES's Return on Equity is forecast to be low in 3 years (15.29%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is GTES forecast to generate an efficient return on assets?
Company
6.15%
Industry
10.36%
GTES is forecast to generate lower Return on Assets (6.15%) than the US Specialty Industrial Machinery industry average (10.36%)
Forecast

GTES earnings per share forecast

What is GTES's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$1.30+47.73%
Avg 2 year Forecast
$1.48+68.18%
Avg 3 year Forecast
$1.58+79.55%
GTES's earnings are forecast to grow at an exceptional rate of 28.68% per year
Forecast

GTES revenue forecast

What is GTES's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.5B+0.92%
Avg 2 year Forecast
$3.7B+8.02%
Avg 3 year Forecast
$3.9B+12.49%
GTES's revenue is forecast to grow at a rate of 3.57% per year, which is not exceptional
Forecast

GTES earnings growth forecast

How is GTES forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
28.68%
Industry
12.21%
Market
17.69%
GTES's earnings are forecast to grow faster (28.68% per year) than the US Specialty Industrial Machinery industry average (12.21%)
Forecast
GTES's earnings are forecast to grow faster (28.68% per year) than the US market average (17.69%)
Forecast
GTES's earnings are forecast to grow faster (28.68% per year) than the risk-free savings rate (1.4%)
Forecast

GTES revenue growth forecast

How is GTES forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
3.57%
Industry
2.97%
Market
10.71%
GTES's revenues are forecast to grow faster (3.57% per year) than the US Specialty Industrial Machinery industry average (2.97%)
Forecast
GTES's revenues are forecast to grow slower (3.57% per year) than the US market average (10.71%)
Forecast

Gates Industrial Corp Stock Forecast FAQ

Is Gates Industrial Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NYSE: GTES) stock is to Buy GTES stock.

Out of 7 analysts, 1 (14.29%) are recommending GTES as a Strong Buy, 3 (42.86%) are recommending GTES as a Buy, 3 (42.86%) are recommending GTES as a Hold, 0 (0%) are recommending GTES as a Sell, and 0 (0%) are recommending GTES as a Strong Sell.

What is GTES's earnings growth forecast for 2021-2023?

(NYSE: GTES) Gates Industrial Corp's forecast annual earnings growth rate of 28.68% is forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 12.21%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 17.69%.

Gates Industrial Corp's earnings in 2021 is $258,700,000.On average, 2 Wall Street analysts forecast GTES's earnings for 2021 to be $379,515,769, with the lowest GTES earnings forecast at $370,757,713, and the highest GTES earnings forecast at $388,273,825. On average, 2 Wall Street analysts forecast GTES's earnings for 2022 to be $432,064,106, with the lowest GTES earnings forecast at $426,225,402, and the highest GTES earnings forecast at $437,902,811.

In 2023, GTES is forecast to generate $461,257,627 in earnings, with the lowest earnings forecast at $461,257,627 and the highest earnings forecast at $461,257,627.

What is GTES's revenue growth forecast for 2021-2023?

(NYSE: GTES) Gates Industrial Corp's forecast annual revenue growth rate of 3.57% is forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 2.97%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.71%.

Gates Industrial Corp's revenue in 2021 is $3,453,000,000.On average, 2 Wall Street analysts forecast GTES's revenue for 2021 to be $1,017,370,841,578, with the lowest GTES revenue forecast at $1,016,967,970,993, and the highest GTES revenue forecast at $1,017,773,712,164. On average, 2 Wall Street analysts forecast GTES's revenue for 2022 to be $1,088,944,596,279, with the lowest GTES revenue forecast at $1,087,575,420,158, and the highest GTES revenue forecast at $1,090,313,772,399.

In 2023, GTES is forecast to generate $1,133,925,972,973 in revenue, with the lowest revenue forecast at $1,133,925,972,973 and the highest revenue forecast at $1,133,925,972,973.

What is GTES's forecast return on assets (ROA) for 2021-2023?

(NYSE: GTES) forecast ROA is 6.15%, which is lower than the forecast US Specialty Industrial Machinery industry average of 10.36%.

What is GTES's Price Target?

According to 6 Wall Street analysts that have issued a 1 year GTES price target, the average GTES price target is $20.83, with the highest GTES stock price forecast at $26.00 and the lowest GTES stock price forecast at $18.00.

On average, Wall Street analysts predict that Gates Industrial Corp's share price could stay at $20.83 by Dec 6, 2022. The average Gates Industrial Corp stock price prediction forecasts a potential downside of N/A from the current GTES share price of $16.01.

What is GTES's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: GTES) Gates Industrial Corp's current Earnings Per Share (EPS) is $0.88. On average, analysts forecast that GTES's EPS will be $1.30 for 2021, with the lowest EPS forecast at $1.27, and the highest EPS forecast at $1.33. On average, analysts forecast that GTES's EPS will be $1.48 for 2022, with the lowest EPS forecast at $1.46, and the highest EPS forecast at $1.50. In 2023, GTES's EPS is forecast to hit $1.58 (min: $1.58, max: $1.58).

What is GTES's forecast return on equity (ROE) for 2021-2023?

(NYSE: GTES) forecast ROE is 15.29%, which is considered weak.
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