Canaccord Genuity Reaffirms Sell Rating on The Gap (GPS)

By admin | 6 years ago

The Gap (NYSE: GPS)‘s stock had its “sell” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of The Gap in a research note to investors on Friday. Separately, 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. Finally, 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.

The Gap traded up 1.98% on Friday, hitting $26.22. 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 $12.822 billion and a price-to-earnings ratio of 15.81.

The Gap last posted its quarterly 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 company’s revenue for the quarter was up 5.8% on a year-over-year basis. 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.

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