In a report released yesterday, Mark Altschwager from Robert W. Baird reiterated a Hold rating on Gap (GPS), with a price target of $28. The company’s shares closed yesterday at $25.76, close to its 52-week low of $24.25.
According to TipRanks.com, Altschwager is a 4-star analyst with an average return of 4.3% and a 40.3% success rate. Altschwager covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and Ulta Beauty Inc.
Currently, the analyst consensus on Gap is a Hold with an average price target of $30.40, implying a 18.0% upside from current levels. In a report issued on December 20, Wedbush also reiterated a Hold rating on the stock with a $25 price target.
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Gap’s market cap is currently $9.84B and has a P/E ratio of 10.78. The company has a Price to Book ratio of 2.86.
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Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix.
