Janney Montgomery Scott Reaffirms Buy Rating on The Gap (GPS)
Shares of The Gap opened at 26.50 on Thursday. The Gap has a one year low of $15.08 and a one year high of $29.23. The company has a market cap of $13.012 billion and a P/E ratio of 16.30.
The Gap last issued its quarterly earnings data on Thursday, May 17th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. The Gap’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that The Gap will post $0.48 earnings per share next quarter.
A number of other analysts have also recently weighed in on GPS. Analysts at Lazard Capital upgraded shares of The Gap from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, May 22nd. Separately, analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of The Gap from $30.00 to $28.00 in a research note to investors on Monday, May 21st. Finally, analysts at Canaccord Genuity reiterated a “sell” rating on shares of The Gap in a research note to investors on Friday, May 18th.
The Gap, Inc. (Gap Inc.) is a global specialty apparel company. Gap Inc. offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands.