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Analysts at Sterne Agee hoisted their price objective on shares of Gap (NYSE:GPS) from $44.00 to $48.00 in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. Sterne Agee’s price objective would indicate a potential upside of 14.29% from the stock’s previous close.

Gap (NYSE:GPS) traded up 5.77% on Friday, hitting $42.00. 11,548,629 shares of the company’s stock traded hands. 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 $38.43 and its 200-day moving average is $40.2. The company has a market cap of $18.857 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 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 $2.68 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on GPS. 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. Separately, analysts at UBS AG upgraded shares of Gap from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $50.00 price target on the stock, up previously from $41.00. Finally, analysts at Buckingham Research initiated coverage on shares of Gap in a research note to investors on Wednesday, January 29th. They set a “buy” rating and a $51.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine 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 $42.79.

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

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