RBC Capital Reaffirms Their Buy Rating on Gates Industrial (GTES)
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In addition to RBC Capital, Gates Industrial also received a Buy from Citi's Andrew Kaplowitz in a report issued on July 14. However, on the same day, Morgan Stanley maintained a Hold rating on Gates Industrial (NYSE: GTES).
Based on Gates Industrial's latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $847.6 million and a net profit of $62 million. In comparison, last year the company earned a revenue of $862.6 million and had a net profit of $40 million
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