GAP (NYSE:GAP) Stock Price Expected to Rise, Barclays Analyst Says

GAP (NYSE:GAP) had its target price raised by stock analysts at Barclays from $31.00 to $32.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 45.12% from the company’s current price.

A number of other brokerages have also recently issued reports on GAP. JPMorgan Chase & Co. increased their price objective on GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their price target on shares of GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley boosted their price objective on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 target price on shares of GAP in a research note on Monday. Finally, Argus raised shares of GAP to a “hold” rating in a report on Thursday, September 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.67.

GAP Stock Up 6.9 %

NYSE GAP opened at $22.05 on Friday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.20 and a beta of 2.35. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $21.32. GAP has a 12-month low of $18.34 and a 12-month high of $30.75.

GAP (NYSE:GAP) last issued its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a net margin of 5.05% and a return on equity of 28.89%. Equities analysts expect that GAP will post 1.88 EPS for the current year.

Insider Activity

In other news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 31.00% of the company’s stock.

GAP Company Profile

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.