GAP (NYSE:GAP - Get Free Report) had its target price lifted by equities researchers at Morgan Stanley from $29.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 20.63% from the company's current price.
Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of GAP from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Wells Fargo & Company dropped their price objective on shares of GAP from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. Argus upgraded GAP to a "hold" rating in a research report on Thursday, September 19th. Bank of America increased their target price on GAP from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Friday. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 price target on shares of GAP in a report on Monday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.67.
View Our Latest Research Report on GAP
GAP Trading Up 12.8 %
Shares of NYSE:GAP traded up $2.83 during trading on Friday, hitting $24.87. 35,376,656 shares of the stock were exchanged, compared to its average volume of 7,146,390. GAP has a 12-month low of $18.34 and a 12-month high of $30.75. The company has a market capitalization of $9.36 billion, a P/E ratio of 12.08, a PEG ratio of 1.20 and a beta of 2.35. The company has a fifty day simple moving average of $21.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49.
GAP (NYSE:GAP - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.15. GAP had a return on equity of 28.89% and a net margin of 5.05%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. Equities research analysts anticipate that GAP will post 1.88 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.00% of the stock is owned by corporate insiders.
About GAP
(
Get Free Report)
The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.
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