Gildan Activewear Inc [NYSE: GIL] jumped around 0.1 points on Wednesday, while shares priced at $49.01 at the close of the session, up 0.20%.
Compared to the average trading volume of 605.46K shares, GIL reached a trading volume of 4460340 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Gildan Activewear Inc [GIL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GIL shares is $55.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GIL stock is a recommendation set at 1.73. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Gildan Activewear Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 02, 2024. The new note on the price target was released on January 05, 2024, representing the official price target for Gildan Activewear Inc stock. On August 04, 2023, analysts increased their price target for GIL shares from 36 to 38.
The Average True Range (ATR) for Gildan Activewear Inc is set at 0.87, with the Price to Sales ratio for GIL stock in the period of the last 12 months amounting to 3.27. The Price to Book ratio for the last quarter was 4.91, with the Price to Cash per share for the same quarter was set at 0.36. Price to Free Cash Flow for GIL in the course of the last twelve months was 27.47 with Quick ratio for the last quarter at 0.98.
How has GIL stock performed recently?
Gildan Activewear Inc [GIL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.09. With this latest performance, GIL shares gained by 4.68% in over the last four-week period, additionally plugging by 37.51% over the last 6 months – not to mention a rise of 36.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GIL stock in for the last two-week period is set at 57.53, with the RSI for the last a single of trading hit 56.94, and the three-weeks RSI is set at 58.77 for Gildan Activewear Inc [GIL]. The present Moving Average for the last 50 days of trading for this stock 47.58, while it was recorded at 48.59 for the last single week of trading, and 40.12 for the last 200 days.
Gildan Activewear Inc [GIL]: Deeper insight into the fundamentals
Gildan Activewear Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.98 and a Current Ratio set at 2.31.
Earnings analysis for Gildan Activewear Inc [GIL]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GIL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gildan Activewear Inc go to 4.08%.
Insider trade positions for Gildan Activewear Inc [GIL]
There are presently around $86.19%, or 88.30%% of GIL stock, in the hands of institutional investors. The top three institutional holders of GIL stocks are: JARISLOWSKY, FRASER LTD with ownership of 11.03 million shares, which is approximately 6.5327%. COOKE & BIELER LP, holding 10.25 million shares of the stock with an approximate value of $$388.79 million in GIL stocks shares; and COOKE & BIELER LP, currently with $$387.56 million in GIL stock with ownership which is approximately 6.0507%.
