Gildan Activewear (TSE:GIL) Given New C$57.00 Price Target at National Bankshares

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective lowered by research analysts at National Bankshares from C$58.00 to C$57.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 12.20% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada raised their price objective on Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Desjardins raised their price objective on Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.80.

Gildan Activewear Stock Performance

Shares of GIL stock traded up C$1.99 on Friday, hitting C$50.80. 242,403 shares of the stock were exchanged, compared to its average volume of 325,066. The company has a current ratio of 2.38, a quick ratio of 0.87 and a debt-to-equity ratio of 64.76. The firm has a market capitalization of C$8.56 billion, a PE ratio of 12.62, a P/E/G ratio of 3.54 and a beta of 1.63. Gildan Activewear has a one year low of C$36.42 and a one year high of C$52.80. The firm’s 50 day moving average is C$48.44 and its two-hundred day moving average is C$46.77.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Wednesday, May 1st. The company reported C$0.80 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.08. Gildan Activewear had a return on equity of 26.88% and a net margin of 16.14%. The business had revenue of C$938.04 million during the quarter, compared to the consensus estimate of C$956.47 million. Sell-side analysts expect that Gildan Activewear will post 4.0599002 earnings per share for the current fiscal year.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.