JPMorgan Chase & Co. Forecasts Strong Price Appreciation for GAP (NYSE:GAP) Stock

GAP (NYSE:GAP) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $26.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 12.59% from the stock’s previous close.

GAP has been the subject of a number of other research reports. Bank of America lifted their price target on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley increased their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 price target on shares of GAP in a report on Monday, November 18th. Finally, Argus upgraded GAP to a “hold” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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. GAP has a 52 week low of $18.34 and a 52 week high of $30.75. The stock has a fifty day simple moving average of $21.39. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $9.36 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35.

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

Insider Activity

In related news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction on Thursday, September 12th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Corporate 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.