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

GAP (NYSE:GAP) had its target price boosted by equities researchers at Morgan Stanley from $29.00 to $30.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 20.63% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Bank of America upped their price target on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price target on shares of GAP in a research report on Monday, November 18th. JPMorgan Chase & Co. increased their target price on shares of GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company lowered their target price 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. Finally, Argus raised 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 issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.30.

GAP Trading Up 12.8 %

Shares of NYSE GAP opened at $24.87 on Friday. The firm has a market capitalization of $9.36 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35. 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 business’s 50-day simple moving average is $21.39. GAP has a 12 month low of $18.34 and a 12 month high of $30.75.

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

Insider Activity

In related news, CEO Horacio Barbeito sold 75,385 shares of GAP 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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.