GAP (NYSE:GAP) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

GAP (NYSE:GAP) had its price target lifted by investment analysts at Wells Fargo & Company from $28.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 20.63% from the company’s previous close.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. upped their target price on GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Bank of America upped their price objective on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley raised their target price 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 reaffirmed a “market perform” rating and set a $26.00 price target on shares of GAP in a research report on Monday, November 18th. Finally, Argus raised shares of GAP to a “hold” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.30.

GAP Stock Up 12.8 %

Shares of GAP opened at $24.87 on Friday. 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 twelve month low of $18.34 and a twelve month high of $30.75. The company 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 business’s 50 day simple moving average is $21.39.

GAP (NYSE:GAP) last released its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. GAP had a net margin of 5.40% and a return on equity of 30.10%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. On average, sell-side analysts anticipate that GAP will post 1.87 earnings per share for the current fiscal year.

Insider Transactions at GAP

In other news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 31.00% of the stock is currently owned by corporate insiders.

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.