Lazard Capital Raises The Gap to Buy (GPS)
A number of other firms have also recently commented on GPS. 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. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of The Gap in a research note to investors on Friday, May 18th. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of The Gap in a research note to investors on Friday, May 18th.
The Gap traded down 0.19% on Tuesday, hitting $26.44. The Gap has a 52-week low of $15.08 and a 52-week high of $29.23. The company has a market cap of $12.982 billion and a price-to-earnings ratio of 16.29.
The Gap last posted its quarterly earnings results on Thursday, May 17th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.01. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that The Gap will post $0.48 EPS next quarter.
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.