Economy

Brokers Issue Forecasts for Gildan Activewear Inc.'s Q4 2016 Earnings (GIL)

Shares of Gildan Activewear (NYSE:GIL) traded up 0.39% during trading on Friday, reaching $31.07. It has underperformed by 20.11% the S&P500. Finally, Royal Bank Of Canada lowered Gildan Activewear from an "outperform" rating to a "sector perform" rating and set a $31.00 price objective on the stock.in a research report on Tuesday, July 11th. Finally, AGF Investments Inc. lifted its stake in shares of Gildan Activewear by 8,373.2% in the 2nd quarter. About shares traded. Gildan Activewear Inc (USA) (NYSE:GIL) has declined 3.41% since October 27, 2016 and is downtrending.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, August 3rd. They expect $0.52 EPS, up 4.00 % or $0.02 from last year's $0.5 per share. GIL's profit will be $116.82M for 14.94 P/E if the $0.52 EPS becomes a reality. Gildan Activewear Inc's Wall Street analysts see 0.00 % EPS growth, taking into account the $0.65 EPS reproted in the previous quarter, The stock increased 0.10% or $0.04 on October 27, reaching $39.84.

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. Zacks Investment Research upgraded Gildan Activewear from a "hold" rating to a "buy" rating and set a $35.00 price target for the company in a research report on Tuesday, August 29th. Therefore 67% are positive. Abeona Therapeutics had 26 analyst reports since December 16, 2015 according to SRatingsIntel.

Shares of Gildan Activewear (GIL) opened at 31.07 on Friday. The firm has "Sell" rating given on Monday, August 17 by Zacks. The firm has "Buy" rating by Desjardins Securities given on Tuesday, August 4. The firm earned "Overweight" rating on Thursday, October 12 by Cantor Fitzgerald. Gildan Activewear has a consensus rating of "Hold" and a consensus price target of $35.29. The 8 months triangle pattern indicates high risk for the $6.98B company. The Company operates through two segments: Printwear and Branded Apparel. The Firm collects and transforms all aspects of animal by-product streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides. The rating was downgraded by Canaccord Genuity on Wednesday, July 12 to "Hold". "(GIL) to Post Q3 2017 Earnings of $0.52 Per Share, National Bank Financial Forecasts" was reported by Week Herald and is owned by of Week Herald. National Bank Financial has a "Sector Perform" rating and a $41.00 price target on the stock. The stock has a market capitalization of $6.97 billion, a PE ratio of 18.81 and a beta of 0.69. National Bank Canada maintained Gildan Activewear Inc (TSE:GIL) rating on Monday, October 26. J.P. Morgan has "Buy" rating and $1900 target. The company was maintained on Thursday, February 25 by Stifel Nicolaus. As per Thursday, September 28, the company rating was maintained by Roth Capital. TD Asset Management Inc. now owns 4,168,600 shares of the textile maker's stock valued at $127,912,000 after buying an additional 623,938 shares during the period. Abeona Therapeutics Inc (NASDAQ:ABEO) has risen 151.02% since October 28, 2016 and is uptrending.

Since January 1, 0001, it had 0 insider buys, and 9 sales for $7.19 million activity.

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