Evercore ISI Issues Positive Forecast for GAP (NYSE:GAP) Stock Price

GAP (NYSE:GAP) had its target price upped by analysts at Evercore ISI from $32.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target suggests a potential upside of 32.69% from the company’s current price.

GAP has been the topic of several other research reports. Argus upgraded shares of GAP to a “hold” rating in a report on Thursday, September 19th. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price target on shares of GAP in a report on Monday, November 18th. Morgan Stanley upped their price objective on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company raised their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Bank of America upped their price target on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GAP currently has an average rating of “Hold” and an average price target of $28.30.

GAP Stock Up 12.8 %

NYSE GAP opened at $24.87 on Friday. The company’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. The stock has a market capitalization 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 current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

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

Insider Activity at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.