CLSA Upgrades The Gap to Buy (GPS)

By admin | 6 years ago

The Gap (NYSE: GPS) was upgraded by equities research analysts at CLSA from an “outperform” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Nomura (NYSE: NMR) reiterated a “positive” rating on shares of The Gap in a research note to investors on Tuesday. Finally, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of The Gap in a research note to investors on Monday.

The Gap traded down 1.61% on Wednesday, hitting $28.67. The Gap has a 1-year low of $15.08 and a 1-year high of $29.23. The company has a market cap of $13.983 billion and a price-to-earnings ratio of 18.68.

The company last announced its quarterly results on Thursday, February 23rd. It reported $0.44 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.42 EPS by $0.02. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that The Gap will post $0.36 EPS next quarter.

The Gap, Inc. is a global specialty retailer offering apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands.

About the author