The Gap Now Covered by Analysts at Credit Suisse (GPS)
Equities researchers at Credit Suisse initiated coverage on shares of The Gap (NYSE:GPS) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
The Gap (NYSE:GPS) opened at 42.57 on Monday. The Gap has a one year low of $36.13 and a one year high of $44.86. The stock’s 50-day moving average is $40.72 and its 200-day moving average is $40.63. The company has a market cap of $18.762 billion and a P/E ratio of 16.30.
The Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.01. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 99.9% on a year-over-year basis. Analysts expect that The Gap will post $2.95 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of The Gap from $51.00 to $50.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee cut their price target on shares of The Gap from $47.00 to $46.00 in a research note on Friday, July 11th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The Gap currently has a consensus rating of “Hold” and an average price target of $41.71.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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