Gates Industrial upgraded by Barclays with a new price target
$GTES
Industrial Machinery/Components
Industrials
Barclays upgraded Gates Industrial from Equal Weight to Overweight and set a new price target of $25.00 from $21.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/25/2025 | $35.00 | Overweight | Analyst |
| 12/5/2024 | $21.00 → $25.00 | Equal Weight → Overweight | Barclays |
| 9/6/2024 | $19.00 | Equal-Weight | Morgan Stanley |
| 8/19/2024 | $20.00 → $22.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 3/8/2024 | $20.00 | Peer Perform → Outperform | Wolfe Research |
| 2/29/2024 | $21.00 | Buy | Jefferies |
| 2/22/2024 | $18.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 6/20/2023 | $14.50 | Buy → Neutral | Goldman |
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
Analyst initiated coverage of Gates Industrial with a rating of Overweight and set a new price target of $35.00
Barclays upgraded Gates Industrial from Equal Weight to Overweight and set a new price target of $25.00 from $21.00 previously
Morgan Stanley initiated coverage of Gates Industrial with a rating of Equal-Weight and set a new price target of $19.00
Action consistent with company's portfolio 80/20 approachExpected to improve adjusted EBITDA margins of Industrial Motion segment NORTH CANTON, Ohio, May 1, 2026 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, today announced that it has entered into a definitive agreement to sell the assets of its belts business to Gates Industrial Corporation plc (NYSE:GTES). Financial terms of the agreement were not disclosed. "The sale of our belts business is consistent with our near-term strategic prio
Gates to acquire the belts business from The Timken CompanyDENVER, May 1, 2026 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that it has entered into a definitive agreement to acquire the belts business from The Timken Company (NYSE:TKR) including select manufacturing assets. Terms were not disclosed. Gates is an industry leader in power transmission belt solutions across a wide range of industrial, automotive, and mobility markets and applications
DENVER, May 1, 2026 /PRNewswire/ -- First-Quarter 2026 Financial SummaryFirst-quarter net sales of $851.1 million, up 0.4% compared to the prior-year period, including a core revenue decrease of 2.9%.Net income attributable to shareholders of $59.7 million, or $0.23 per diluted share.Adjusted Net Income per diluted share of $0.35.Net income from continuing operations of $66.4 million, or a margin of 7.8%.Adjusted EBITDA of $177.4 million, or a margin of 20.8%.Reiterating 2026 full-year guidance.Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of applicatio
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
10-Q - Gates Industrial Corp plc (0001718512) (Filer)
DEFA14A - Gates Industrial Corp plc (0001718512) (Filer)
DEF 14A - Gates Industrial Corp plc (0001718512) (Filer)
NEW YORK, July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE:EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 22, 2024 S&P MidCap 400
DENVER, June 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) is pleased to announce the appointment of John Patouhas as Senior Vice President & Chief Accounting Officer, effective today, Monday, June 17, 2024. John will be responsible for the strategic direction of Gates' accounting function, including financial reporting, risk, controls, and compliance in accordance with applicable standards, laws and regulations. "John brings significant manufacturing finance leadership experience to Gates and we look forward to the benefit of his background and expert
DENVER, March 11, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative and highly engineered power transmission and fluid power solutions, extends a reminder to investors, analysts and other stakeholders to join its Capital Markets Day on Monday, March 11, 2024, starting at 1:00 p.m. Eastern Time at The New York Stock Exchange (NYSE). At the event, CEO Ivo Jurek and CFO Brooks Mallard, along with other members of Gates's leadership team will update investors on the Company's strategic priorities, growth opportunities, business
DENVER, May 1, 2026 /PRNewswire/ -- First-Quarter 2026 Financial SummaryFirst-quarter net sales of $851.1 million, up 0.4% compared to the prior-year period, including a core revenue decrease of 2.9%.Net income attributable to shareholders of $59.7 million, or $0.23 per diluted share.Adjusted Net Income per diluted share of $0.35.Net income from continuing operations of $66.4 million, or a margin of 7.8%.Adjusted EBITDA of $177.4 million, or a margin of 20.8%.Reiterating 2026 full-year guidance.Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of applicatio
In the news release, Gates Industrial Announces Fourth-Quarter 2025 Earnings Release Date, issued 09-Apr-2026 by Gates Industrial Corporation plc over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end: Gates Industrial Announces First-Quarter 2026 Earnings Release Date DENVER, April 9, 2026 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its first-quarter earnings release before the market opens on Friday, May 1, 2026. Management will host a webcast and conference call on the same day at 10:00 a.m. Eastern time to discuss Gates Industrial's financial results. The confere
DENVER, April 9, 2026 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its first-quarter earnings release before the market opens on Friday, May 1, 2026. Management will host a webcast and conference call on the same day at 10:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation First-Quarter 2026 Earnings Conference Call or providing the Conference ID of 5772067.Live webc
SC 13G/A - Gates Industrial Corp plc (0001718512) (Subject)
SC 13G/A - Gates Industrial Corp plc (0001718512) (Subject)
SC 13G/A - Gates Industrial Corp plc (0001718512) (Subject)