JPMorgan Chase & Co. Raises GAP (NYSE:GAP) Price Target to $28.00

GAP (NYSE:GAP) had its price objective raised by JPMorgan Chase & Co. from $27.00 to $28.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Telsey Advisory Group reiterated a market perform rating and set a $29.00 target price on shares of GAP in a research report on Monday, August 26th.

GAP Price Performance

Shares of GAP opened at $22.43 on Friday. GAP has a one year low of $9.71 and a one year high of $30.75. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.80 and a current ratio of 1.50. The company has a market capitalization of $8.41 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.37 and a beta of 2.38.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, May 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.27. GAP had a return on equity of 29.76% and a net margin of 5.05%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. On average, sell-side analysts predict that GAP will post 1.8 EPS for the current fiscal year.

About GAP

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.