Morgan Stanley initiated coverage on Gates Industrial with a new price target
$GTES
Industrial Machinery/Components
Industrials
Morgan Stanley initiated coverage of Gates Industrial with a rating of Equal-Weight and set a new price target of $19.00
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| Date | Price Target | Rating | 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 |
| 2/10/2023 | Overweight → Sector Weight | KeyBanc Capital Markets |
10-Q - Gates Industrial Corp plc (0001718512) (Filer)
8-K - Gates Industrial Corp plc (0001718512) (Filer)
8-K - Gates Industrial Corp plc (0001718512) (Filer)
Gates continues to leverage sustainability as a strategic priority that fuels innovation, deepens stakeholder trust, and supports long-term performance DENVER, Aug. 6, 2025 /PRNewswire/ -- Gates (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, has published its 2024 Sustainability Report, showcasing the company's strategic investments for sustainable innovation in each pillar of its GTES framework: Governance, Technology, Environment, and Stewardship. Highlights of the Gates 2024 Sustainability Report include: Go
DENVER, July 30, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the second quarter ended June 28, 2025. Second-Quarter 2025 Financial Summary Second-quarter net sales of $883.7 million, down 0.2% compared to the prior-year period, including core sales decline of 0.6%.Net income attributable to shareholders of $56.5 million, or $0.22 per diluted share.Adjusted Net Income per diluted share of $0.39.Net income from continuing operations of
DENVER, July 11, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Wednesday, July 30, 2025. Management will host a webcast and conference call on the same day at 11:30 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 Second-Quarter 2025 Earnings Conference Call or providing the Conference ID of 5772067
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
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
RBC Capital Mkts upgraded Gates Industrial from Sector Perform to Outperform and set a new price target of $22.00 from $20.00 previously
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)
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, July 30, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the second quarter ended June 28, 2025. Second-Quarter 2025 Financial Summary Second-quarter net sales of $883.7 million, down 0.2% compared to the prior-year period, including core sales decline of 0.6%.Net income attributable to shareholders of $56.5 million, or $0.22 per diluted share.Adjusted Net Income per diluted share of $0.39.Net income from continuing operations of
DENVER, July 11, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Wednesday, July 30, 2025. Management will host a webcast and conference call on the same day at 11:30 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 Second-Quarter 2025 Earnings Conference Call or providing the Conference ID of 5772067
DENVER, April 30, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a leading global provider of application-specific fluid power and power transmission solutions, today reported results for the first quarter ended March 29, 2025. First-Quarter 2025 Financial Summary First-quarter net sales of $847.6 million, down 1.7% compared to the prior-year period, including core revenue growth of 1.4%.Net income attributable to shareholders of $62.0 million, or $0.24 per diluted share.Adjusted Net Income per diluted share of $0.36.Net income from continuing operations of