Nomura reissued their neutral rating on shares of Gap (NYSE:GPS) in a research report sent to investors on Friday morning, AnalystRatingsNetwork reports. The firm currently has a $40.00 price target on the stock.
Shares of Gap (NYSE:GPS) traded down 0.40% during mid-day trading on Friday, hitting $41.145. 838,632 shares of the company’s stock traded hands. Gap has a one year low of $29.84 and a one year high of $46.56. The stock’s 50-day moving average is $38.84 and its 200-day moving average is $41.37. The company has a market cap of $19.050 billion and a P/E ratio of 14.73.
Gap (NYSE:GPS) last announced its 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 $2.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Monday, January 6th.
GPS has been the subject of a number of other recent research reports. Analysts at Sterne Agee raised their price target on shares of Gap from $36.00 to $38.00 in a research note to investors on Friday. Separately, analysts at Susquehanna cut their price target on shares of Gap from $42.00 to $41.00 in a research note to investors on Friday. Finally, analysts at Canaccord Genuity cut their price target on shares of Gap from $45.00 to $43.00 in a research note to investors on Friday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $43.88.
The Gap, Inc (NYSE:GPS) is a global specialty apparel company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.