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Gap (NYSE:GPS) was upgraded by investment analysts at Sterne Agee from an “underperform” rating to a “buy” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $44.00 target price on the stock, up from their previous target price of $38.00. Sterne Agee’s target price would indicate a potential upside of 15.00% from the stock’s previous close. The analysts noted that the move was a valuation call.

Gap (NYSE:GPS) traded up 2.57% during mid-day trading on Tuesday, hitting $38.26. The stock had a trading volume of 6,650,679 shares. Gap has a 52 week low of $31.19 and a 52 week high of $46.56. The stock has a 50-day moving average of $38.85 and a 200-day moving average of $40.8. The company has a market cap of $17.178 billion and a P/E ratio of 13.30.

Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Gap will post $2.67 EPS for the current fiscal year.

A number of other firms have also recently commented on GPS. Analysts at FBR Capital Markets raised their price target on shares of Gap from $38.00 to $41.00 in a research note to investors on Tuesday, January 7th. They now have a “market perform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Gap in a research note to investors on Wednesday, December 11th. They now have a $41.00 price target on the stock. Finally, analysts at Jefferies Group downgraded shares of Gap from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 6th. They now have a $40.00 price target on the stock, down previously from $51.00. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.38.

The Gap, Inc (NYSE:GPS) is a global specialty apparel company.

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