BMO Capital Markets Issues Positive Forecast for GAP (NYSE:GAP) Stock Price

GAP (NYSE:GAP) had its price target upped by investment analysts at BMO Capital Markets from $23.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 0.52% from the company’s current price.

Other analysts have also recently issued reports about the company. Evercore ISI raised their price target on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday. Bank of America raised their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Argus upgraded shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Finally, Barclays boosted their price objective on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.30.

GAP Stock Performance

Shares of GAP opened at $24.87 on Friday. The firm has a market cap of $9.36 billion, a PE ratio of 11.51, a P/E/G ratio of 1.26 and a beta of 2.35. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. GAP has a 1 year low of $18.34 and a 1 year high of $30.75. The firm has a fifty day moving average price of $21.39.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. GAP had a net margin of 5.40% and a return on equity of 30.10%. Sell-side analysts predict that GAP will post 1.87 EPS for the current year.

Insider Buying and Selling

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

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.