JPMorgan Chase & Co. Issues Positive Forecast for GAP (NYSE:GAP) Stock Price

GAP (NYSE:GAP - Get Free Report) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $29.00 to $30.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 29.10% from the company's current price.

A number of other analysts have also commented on the company. UBS Group upgraded GAP from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $16.00 to $26.00 in a research report on Friday, January 10th. Morgan Stanley lifted their price target on shares of GAP from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. BMO Capital Markets boosted their price target on shares of GAP from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday, November 22nd. Argus raised shares of GAP from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $26.00 target price on shares of GAP in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, GAP has an average rating of "Moderate Buy" and a consensus target price of $29.33.

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GAP Trading Up 19.3 %

NYSE GAP traded up $3.76 during trading hours on Friday, reaching $23.24. 30,468,052 shares of the company's stock were exchanged, compared to its average volume of 6,033,019. The business's fifty day simple moving average is $23.14. GAP has a one year low of $18.54 and a one year high of $30.75. The company has a market cap of $8.76 billion, a PE ratio of 10.76, a PEG ratio of 0.94 and a beta of 2.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54.

GAP (NYSE:GAP - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.18. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. As a group, research analysts forecast that GAP will post 2.02 EPS for the current year.

Insider Transactions at GAP

In related news, Director William Sydney Fisher sold 123,950 shares of GAP stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $26.24, for a total value of $3,252,448.00. Following the sale, the director now owns 3,696,517 shares of the company's stock, valued at approximately $96,996,606.08. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder John J. Fisher sold 250,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the sale, the insider now owns 1,000,752 shares in the company, valued at $24,198,183.36. The trade was a 19.99 % decrease in their position. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by insiders.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.