Analysts Set Gildan Activewear Inc. (TSE:GIL) Price Target at C$85.75

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has earned an average recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$85.75.

Several equities analysts recently commented on the stock. TD Securities increased their target price on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, February 27th. Desjardins upped their price target on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th.

Gildan Activewear Price Performance

TSE:GIL traded down C$5.07 during mid-day trading on Friday, reaching C$84.87. The stock had a trading volume of 881,927 shares, compared to its average volume of 559,770. The firm has a 50 day moving average price of C$91.76 and a two-hundred day moving average price of C$84.55. The stock has a market capitalization of C$15.71 billion, a P/E ratio of 27.29, a P/E/G ratio of 4.55 and a beta of 1.39. Gildan Activewear has a one year low of C$52.77 and a one year high of C$100.44. The company has a debt-to-equity ratio of 137.08, a quick ratio of 0.87 and a current ratio of 2.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$1.31 EPS for the quarter. The business had revenue of C$1.41 billion for the quarter. Gildan Activewear had a net margin of 11.00% and a return on equity of 20.25%. As a group, analysts expect that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.