GAP (NYSE:GAP) Price Target Raised to $30.00

GAP (NYSE:GAP) had its price target lifted by stock analysts 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 price objective would suggest a potential upside of 36.05% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price target on shares of GAP in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Company cut their target price on GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Argus raised GAP to a “hold” rating in a research report on Thursday, September 19th. Finally, Bank of America raised their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.00.

GAP Price Performance

NYSE:GAP opened at $22.05 on Friday. 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 has a one year low of $18.34 and a one year high of $30.75. The company has a market capitalization of $8.30 billion, a P/E ratio of 10.92, a PEG ratio of 1.20 and a beta of 2.35. The stock’s 50-day simple moving average is $21.32.

GAP (NYSE:GAP) last released its quarterly earnings results 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. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. GAP had a return on equity of 28.89% and a net margin of 5.05%. On average, equities research analysts expect that GAP will post 1.88 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.