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Research analysts at Paradigm Capital decreased their price objective on shares of Gap (NYSE:GPS) from $3.75 to $3.50 in a report released on Friday, American Banking and Market News reports. Paradigm Capital’s target price would suggest a potential downside of 91.19% from the stock’s previous close.

A number of other analysts have also recently weighed in on GPS. Analysts at Nomura reiterated a “buy” rating on shares of Gap in a research note to investors on Friday. Separately, analysts at Sterne Agee raised their price target on shares of Gap from $44.00 to $48.00 in a research note to investors on Friday. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Gap in a research note to investors on Friday. They now have a $48.00 price target on the stock, up previously from $46.00. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. Gap has an average rating of “Hold” and an average target price of $42.74.

Gap (NYSE:GPS) opened at 39.71 on Friday. Gap has a 1-year low of $31.19 and a 1-year high of $46.56. The stock’s 50-day moving average is $38.31 and its 200-day moving average is $40.31. The company has a market cap of $17.829 billion and a price-to-earnings ratio of 14.16.

Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.63 earnings per share. Gap’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Gap will post $2.68 EPS for the current fiscal year.

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

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