Robert W. Baird analyst Michael Halloran maintained a Buy rating on Gates Industrial (NYSE:GTES) Corp Plc on Thursday, setting a price target of $30, which is approximately 84.16% above the present share price of $16.29.
Halloran expects Gates Industrial Corp Plc to post earnings per share (EPS) of $0.33 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Gates Industrial, with an average price target of $24.
The analysts price targets range from a high of $30 to a low of $21.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $915.1 million and a net profit of $153 million. The company's market cap is $4.75 billion.
According to TipRanks.com, Robert W. Baird analyst Michael Halloran is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.7% and a 75.34% success rate.
Gates Industrial Corp. Plc is a holding company, which engages in the manufacture of engineered power transmission and fluid solutions. It operates through the following segments: Power Transmission and Fluid Power. The Power Transmission segment includes elastomer drive belts, and related components used to efficiently transfer motion in a broad range of applications. The Fluid Power segment comprises of hoses, tubing, and fittings designed to convey hydraulic fluid at high-pressures in both mobile and stationary applications, and high-pressure and fluid transfer hoses used to convey various fluids. The company was founded on September 25, 2017 and is headquartered in Denver, CO.