BMO Capital Markets Forecasts Strong Price Appreciation for GAP (NYSE:GAP) Stock

GAP (NYSE:GAP) had its price objective boosted by stock analysts at BMO Capital Markets from $23.00 to $25.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 0.52% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley lifted their price objective on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI boosted their price target on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays increased their price objective on GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 target price on shares of GAP in a report on Monday, November 18th. Finally, Bank of America upped their price target on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.30.

GAP Stock Up 12.8 %

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 stock’s fifty day moving average price is $21.39. The firm has a market capitalization of $9.36 billion, a PE ratio of 11.51, a price-to-earnings-growth 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 (NYSE:GAP) last posted its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that GAP will post 1.87 EPS for the current fiscal year.

Insider Transactions at GAP

In other news, CEO Horacio Barbeito sold 75,385 shares of GAP stock in a transaction on 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 31.00% of the company’s stock.

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.