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J.P. Morgan Sticks to Its Buy Rating for Gates Industrial (GTES)

Tipranks - Tipranks - Wed May 27, 5:00AM CDT

J.P. Morgan analyst Tomohiko Sano reiterated a Buy rating on Gates Industrial today and set a price target of $32.00.

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Sano covers the Industrials sector, focusing on stocks such as TIC Solutions, Helios Technologies, and Timken Company. According to TipRanks, Sano has an average return of 0.6% and a 40.22% success rate on recommended stocks.

Gates Industrial has an analyst consensus of Strong Buy, with a price target consensus of $30.88.

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Based on Gates Industrial’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $851.1 million and a net profit of $59.7 million. In comparison, last year the company earned a revenue of $847.6 million and had a net profit of $62 million

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