On 3/19/24, Gildan Activewear Inc (NYSE: GIL) stock enjoyed a major increase of 10.1%, closing at $37.22. Moreover, trading volume in this advance was exceptionally high at 423% of normal. The stock has been strong relative to the market over the last nine months and has risen 9.9% during the last week.
Current PriceTarget Research Rating
GIL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Gildan Activewear has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gildan Activewear has a neutral Appreciation Score of 45 but a good Power Rating of 76, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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