The Gap Rating Increased to Buy at Credit Agricole (GPS)

By admin | 6 years ago

The Gap (NYSE: GPS) was upgraded by Credit Agricole from an “outperform” rating to a “buy” rating in a research note issued on Wednesday.

GPS has been the subject of a number of other recent research reports. Analysts at Nomura (NYSE: NMR) reiterated a “positive” rating on shares of The Gap in a research note to investors on Tuesday. Separately, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of The Gap in a research note to investors on Monday. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of The Gap to $40.00 in a research note to investors on Friday, April 13rd.

Shares of The Gap traded down 1.58% during mid-day trading on Wednesday, hitting $28.68. 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 $13.988 billion and a P/E 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.

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