Nomura Reaffirms Neutral Rating on The Gap (GPS)
Other equities research analysts have also recently issued reports about the stock. Analysts at CLSA upgraded shares of The Gap from an “outperform” rating to a “buy” rating in a research note to investors on Wednesday, May 2nd. Separately, analysts at Credit Agricole upgraded shares of The Gap from an “outperform” rating to a “buy” rating in a research note to investors on Wednesday, May 2nd. Finally, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of The Gap in a research note to investors on Monday, April 30th.
Shares of The Gap traded up 1.09% during mid-day trading on Friday, hitting $25.99. The Gap has a 52 week low of $15.08 and a 52 week high of $28.77. The company has a market cap of $12.709 billion and a P/E ratio of 15.81.
The Gap last announced its earnings results 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 $0.49 earnings per share 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.