Bank of America Increases GAP (NYSE:GAP) Price Target to $28.00

GAP (NYSE:GAP) had its target price boosted by research analysts at Bank of America from $25.00 to $28.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price target indicates a potential upside of 12.59% from the stock’s current price.

A number of other equities research analysts have also commented on GAP. Wells Fargo & Company decreased their price target on GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Argus raised shares of GAP to a “hold” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 price objective on shares of GAP in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, GAP has an average rating of “Hold” and a consensus price target of $28.30.

GAP Stock Performance

Shares of NYSE GAP opened at $24.87 on Friday. GAP has a 52 week low of $18.34 and a 52 week high of $30.75. The firm has a market cap of $9.36 billion, a price-to-earnings 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 firm’s 50-day moving average is $21.39.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. The business had revenue of $3.72 billion during 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%. As a group, equities research analysts forecast that GAP will post 1.87 earnings per share for the current year.

Insider Activity 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 value of $1,507,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 31.00% of the stock is currently owned by 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.