UBS Group Forecasts Strong Price Appreciation for GAP (NYSE:GAP) Stock

GAP (NYSE:GAP) had its price objective increased by equities research analysts at UBS Group from $14.00 to $16.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s target price would suggest a potential downside of 35.67% from the company’s current price.

Other analysts also recently issued research reports about the company. Guggenheim reiterated a “buy” rating and issued a $35.00 price objective on shares of GAP in a research report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price target on shares of GAP in a report on Monday, November 18th. Morgan Stanley increased their price target on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday. Evercore ISI boosted their price objective on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Argus upgraded shares of GAP to a “hold” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.30.

GAP Stock Performance

GAP stock opened at $24.87 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.26 and a beta of 2.35. The firm’s fifty day simple moving average is $21.39. GAP has a 52 week low of $18.34 and a 52 week high of $30.75.

GAP (NYSE:GAP) last announced its quarterly earnings data 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. GAP had a return on equity of 30.10% and a net margin of 5.40%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. As a group, analysts forecast that GAP will post 1.87 EPS for the current year.

Insider Activity at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction dated Thursday, September 12th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. 31.00% of the stock is currently owned by corporate insiders.

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.