Gap (The) (GPS) : The consensus on Gap (The) (GPS) based on 22 analyst recommendation on the company stock is 3.32, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 6 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Gap (The) (GPS).
Gap (The) (GPS) : The highest short term price target forecast on Gap (The) (GPS) is $33 and the lowest target price is $16. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $21.63 with a standard deviation of $4.32.
Company shares have received an average consensus rating of Hold for the current week Also, Wolfe Research upgrades its view on Gap (The) (NYSE:GPS) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Peer Perform. The rating by the firm was issued on July 25, 2016.
Gap (The) (NYSE:GPS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.86 and $22.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.01, notching a gain of 3.30% for the day. The total traded volume was 8,952,212 . The stock had closed at $24.21 on the previous day.
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.