Evercore ISI Increases GAP (NYSE:GAP) Price Target to $33.00

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

GAP has been the topic of several other research reports. Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price on shares of GAP in a research report on Monday, November 18th. JPMorgan Chase & Co. increased their price objective on GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley lifted their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday. Barclays upped their price target on GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Argus upgraded shares of GAP to a “hold” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, GAP currently has a consensus rating of “Hold” and an average price target of $28.30.

GAP Stock Performance

Shares of GAP stock opened at $24.87 on Friday. The company has a market cap of $9.36 billion, a PE ratio of 11.51, a P/E/G ratio of 1.26 and a beta of 2.35. GAP has a 52-week low of $18.34 and a 52-week high of $30.75. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $21.39.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.15. The company had revenue of $3.72 billion for 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%. Equities research analysts forecast that GAP will post 1.87 EPS for the current fiscal year.

Insider Activity at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.