Analyst Ratings for Gildan Activewear Inc. (GIL)

Updated: 2017-07-26

An average rating of Overweight has been given to Gildan Activewear Inc. (NYSE:GIL) by analysts covering the stock. GIL had previously received a consensus rating of Buy a month ago.

Of the 16 analysts covering the stock, 9 gave it a buy rating, 0 issued an overweight rating, 7 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 6. During this time, the number of analysts bearish on the stock has increased by 0.

GIL was given price targets by several analysts. The most optimistic analyst gave a price target of 36, implying potential capital gains of 17.19 percent. The minimum price target given was 28.42, which equates to a potential downside of -7.49 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.06 percent. The average change in earnings estimates over the last 90 days is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.6 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.5 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

GIL has an estimated earnings growth rate of -17.29 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. GIL has a PEG ratio of -0.86.

GIL has traded between a high of 31.83 and a low of 23.55 over the past year. Currently the stock is 30.45 percent higher than its low, and below the high by 3.49 percent. GIL has a P/E ratio of 14.93. Investors typically compare the P/E ratio to a company's peers in the industry. The GIL value stock report compares GIL to some of its peers using value stock charts. The stock has a market capitalization of $8.57 billion. GIL will post this quarters earnings in days, on 0000-00-00.