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GTES

Gates Industrial

$15.75

-0.27 (-1.69%)

16:21
05/07/19
05/07
16:21
05/07/19
16:21

Gates Industrial lowers FY19 core revenue growth view to 0%-2% from 3%-5%

FY19 revenue consensus $3.41B. "The company is updating its full-year 2019 outlook for core revenue growth, Adjusted EBITDA and capital expenditures. Core revenue growth is now expected to be in the range of 0% to 2%. Adjusted EBITDA is expected to be in the range of $740 million to $760 million and the company expects total capital expenditures of approximately $140 million. Free cash flow conversion is expected to be greater than 80% of Adjusted Net Income, with net leverage at approximately 3.0 times Adjusted EBITDA at year end, absent M&A activity."

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    May

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    May

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    Jun

GTES Gates Industrial
$15.75

-0.27 (-1.69%)

06/11/18
SBSH
06/11/18
NO CHANGE
Target $23
SBSH
Buy
Gates Industrial recent pullback a buying opportunity, says Citi
Citi analyst Andrew Kaplowitz attributes the recent weakness in shares of Gates Industrial to "misperceptions that will fade." After meeting with management, the analyst believes Gates has better than average organic revenue growth characteristics and that its auto exposure is actually a positive. Further, he sees "plenty of room" for margin and working capital improvement. Kaplowitz sees a buying opportunity and current share levels and reiterates a Buy rating on Gates Industrial with a $23 price target.
12/18/18
MSCO
12/18/18
DOWNGRADE
Target $15
MSCO
Equal Weight
Gates Industrial assumed at Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski assumed coverage of Gates Industrial at Equal Weight, down from the firm's prior Overweight rating, stating that he no longer sees significant upside to his sum-of-the-parts valuation as he believes it will be hard for Gates to "shake its Auto-focused narrative." Margins are better across the Gates portfolio, but higher cyclicality issues offset this, added Pokrzywinski, who set a $15 price target on the stock, which is down from the firm's previous $19 target.

TODAY'S FREE FLY STORIES

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05/24/19
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General news
Treasury Action: yields dipped in the wake of the durables report »

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:46
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DVAX

Dynavax

$6.36

(0.00%)

08:46
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Recommendations
Dynavax analyst commentary at RBC Capital »

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DFRG

Del Frisco's

$6.79

-0.1 (-1.45%)

, LABD

Daily S&P Biotech Bear 3x Shares

$23.31

0.66 (2.91%)

08:45
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Options
Largest borrow rate increases among liquid names »

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DFRG

Del Frisco's

$6.79

-0.1 (-1.45%)

LABD

Daily S&P Biotech Bear 3x Shares

$23.31

0.66 (2.91%)

FANG

Diamondback Energy

$103.78

-4.9 (-4.51%)

EWZ

MSCI Brazil Index

$39.10

-0.3 (-0.76%)

PEI

Pennsylvania REIT

$6.66

-0.04 (-0.60%)

WPG

Washington Prime

$4.47

0.015 (0.34%)

IWM

iShares Trust Russell 2000 Index Fund

$149.40

-3.17 (-2.08%)

BILI

Bilibili

$14.32

-0.37 (-2.52%)

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NPTN

NeoPhotonics

$3.88

-0.085 (-2.14%)

08:43
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NeoPhotonics analyst commentary  »

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ZYME

Zymeworks

$17.65

0.02 (0.11%)

08:42
05/24/19
05/24
08:42
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08:42
Conference/Events
Zymeworks to hold a conference call »

Management holds a…

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  • 31

    May

SPLK

Splunk

$128.68

-7.12 (-5.24%)

08:41
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Splunk analyst commentary  »

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  • 13

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PDVW

pdvWireless

$44.25

1.25 (2.91%)

08:40
05/24/19
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Recommendations
pdvWireless analyst commentary  »

pdvWireless price target…

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08:40
05/24/19
05/24
08:40
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08:40
General news
FX Action: The dollar »

FX Action: The dollar…

08:40
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General news
U.S. durable goods orders fell 2.1% in April »

U.S. durable goods orders…

08:40
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General news
U.S. equities are modestly firmer »

U.S. equities are…

BCRX

BioCryst

$3.54

0.09 (2.61%)

08:37
05/24/19
05/24
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08:37
Downgrade
BioCryst rating change  »

BioCryst downgraded to…

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  • 29

    May

PLUS

ePlus

$72.62

-13.88 (-16.05%)

08:36
05/24/19
05/24
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08:36
Hot Stocks
ePlus announces 500,000 share stock repurchase program »

ePlus announced that its…

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ASH

Ashland

$72.19

-0.435 (-0.60%)

08:35
05/24/19
05/24
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08:35
Recommendations
Ashland analyst commentary  »

Ashland shares have 30%…

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BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

08:33
05/24/19
05/24
08:33
05/24/19
08:33
Upgrade
Bloomin' Brands rating change  »

Guggenheim upgrades…

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CETX

Cemtrex

$0.25

0.0158 (6.89%)

08:33
05/24/19
05/24
08:33
05/24/19
08:33
Hot Stocks
Cemtrex announces six-for-one reverse stock split to regain NASDAQ compliance »

Cemtrex announced that…

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:31
05/24/19
05/24
08:31
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08:31
Hot Stocks
Hibbett Sports appoints Anthony Crudele as independent chairman »

Hibbett Sports announced…

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  • 24

    May

BTU

Peabody Energy

$24.45

-0.855 (-3.38%)

08:30
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05/24
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08:30
Hot Stocks
Peabody Energy says proceeding with ventilation of North Goonyella Mine »

Peabody announced it is…

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CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

, LK

Luckin Coffee

$15.88

0.88 (5.87%)

08:30
05/24/19
05/24
08:30
05/24/19
08:30
Options
Five new option listings and four option delistings on May 24th »

New option listings for…

CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

LK

Luckin Coffee

$15.88

0.88 (5.87%)

ROAN

Roan Resources

$2.53

-0.32 (-11.23%)

EPE

EP Energy

$0.16

(0.00%)

FRSH

Papa Murphy's

$6.45

(0.00%)

NAVG

Navigators

$69.97

(0.00%)

NCS

NCI Building

$5.70

-0.2 (-3.39%)

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MMM

3M

$165.84

-2.46 (-1.46%)

08:28
05/24/19
05/24
08:28
05/24/19
08:28
Recommendations
3M analyst commentary  »

3M likely to further…

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  • 29

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:27
05/24/19
05/24
08:27
05/24/19
08:27
Hot Stocks
Hibbett Sports up 14.5% after Q1 results beat estimates, FY20 guidance raised »

In pre-market trading,…

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  • 24

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VALE

Vale

$11.78

0.03 (0.26%)

08:27
05/24/19
05/24
08:27
05/24/19
08:27
Upgrade
Vale rating change  »

Vale upgraded to Sector…

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INTU

Intuit

$241.30

-6.22 (-2.51%)

08:24
05/24/19
05/24
08:24
05/24/19
08:24
Recommendations
Intuit analyst commentary  »

Intuit price target…

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GPN

Global Payments

$147.97

-2.64 (-1.75%)

, TSS

TSYS

$99.61

-1.62 (-1.60%)

08:22
05/24/19
05/24
08:22
05/24/19
08:22
Recommendations
Global Payments, TSYS, ACI Worldwide, Bottomline Technologies, Jack Henry, USA Technologies, Q2 Holdings, Fiserv, First Data, FIS, Worldpay analyst commentary at Stephens »

Global Payments, TSYS…

GPN

Global Payments

$147.97

-2.64 (-1.75%)

TSS

TSYS

$99.61

-1.62 (-1.60%)

ACIW

ACI Worldwide

$31.61

-0.43 (-1.34%)

EPAY

Bottomline Technologies

$44.53

-0.53 (-1.18%)

JKHY

Jack Henry

$132.23

-3.43 (-2.53%)

USAT

USA Technologies

$7.22

0.05 (0.70%)

QTWO

Q2 Holdings

$72.44

-1.98 (-2.66%)

FISV

Fiserv

$87.23

-2.4 (-2.68%)

FDC

First Data

$25.88

-0.75 (-2.82%)

FIS

FIS

$120.45

-0.59 (-0.49%)

WP

Worldpay

$121.97

-0.48 (-0.39%)

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    Nov

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
05/24/19
05/24
08:20
05/24/19
08:20
Technical Analysis
DJ Transportation Average: Pivot points »

The following are the…

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