Gap (The) (GPS) : Analyst Rating Update

Gap (The) (GPS) : 3 brokerage houses believe that Gap (The) (GPS) is a Strong Buy at current levels. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gap (The) (GPS). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 6 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 23 Wall Street Analysts endorse the stock as a Hold with a rating of 3.3.

Gap (The) (GPS) : Currently there are 20 street experts covering Gap (The) (GPS) stock. The most bullish and bearish price target for the stock is $33 and $16 respectively for the short term. The average price target of all the analysts comes to $20.6. The estimated standard deviation from the target is $4.13.

Gap (The) (NYSE:GPS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.22 and $21.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.79, notching a gain of 2.44% for the day. The total traded volume was 11,881,216 . The stock had closed at $21.27 on the previous day.

Also, Equity Analysts at the Wolfe Research upgrades the rating on Gap (The) (NYSE:GPS). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Peer Perform. The rating by the firm was issued on June 17, 2016. The company shares have dropped -44.58% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $38.93 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $19.29 and the 200 Day Moving Average price is recorded at $23.78.

The Gap, Inc. is an apparel retail company. The Company offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands. In addition to operating in the specialty, outlet, online and franchise channels, Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids, babyGap, GapMaternity, GapBody and GapFit collections. It also offers handbags, shoes, jewelry, eyewear and personal care products, among others. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.