Stock To Watch: Gildan Activewear, Inc. (NYSE:GIL)


The leading market experts have placed a mean price target of $34.86 on Gildan Activewear, Inc. (NYSE:GIL) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.33 a share for the upcoming quarter and $1.53 for the current fiscal.

Technical View

The technical analysis of Gildan Activewear, Inc. Class A plainly substantiates that the 50-day moving average of Gildan Activewear, Inc. Class A is $30.11, and stock is trading $-0.57 points away or -1.88% from its 50-day moving average of $30.11. Further it is trading $0.22 or +0.75% away its 200-day moving average of $29.32. Gildan Activewear, Inc. (NYSE:GIL) 52-week high is $32.20 and the 52-week low is $22.43.

This explains if the stock moves $-2.66, it will post a 52-week high. In event of +31.70% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Gildan Activewear, Inc. Class A, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Gildan Activewear, Inc. (NYSE:GIL) ratio came in at 20.56.

The stock last ended the trading session at $29.54 and registered a market cap of $6.85B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Gildan Activewear, Inc. (NYSE:GIL) PEG ratio is at 1.35.

1 Chart Pattern Every Investor Should Know

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