Shares of Gap Inc (NYSE:GPS) dropped 5.6% during trading on Tuesday . The stock traded as low as $15.27 and last traded at $15.37, approximately 9,899,978 shares were traded during mid-day trading. An increase of 87% from the average daily volume of 5,306,516 shares. The stock had previously closed at $16.29.
Several research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of GAP from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Bank of America restated a “sell” rating and set a $13.00 price target on shares of GAP in a report on Friday, January 17th. Deutsche Bank reduced their price objective on shares of GAP from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, November 8th. B. Riley reiterated a “hold” rating and issued a $18.00 price objective on shares of GAP in a report on Friday, November 22nd. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $16.00 price objective (down from $20.00) on shares of GAP in a report on Friday, November 8th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. GAP presently has a consensus rating of “Hold” and a consensus target price of $17.27.
The company has a market cap of $6.37 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.12 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 1.43 and a debt-to-equity ratio of 1.90. The stock’s 50-day moving average price is $17.89 and its 200 day moving average price is $17.28.
About GAP (NYSE:GPS)
The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.
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