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Gap (NYSE:GPS) Wins Neutral Rating for Sell from Citigroup

Citigroup Analyst Rating Change Gap NYSE:GPS

Gap (NYSE:GPS) Change of Rating

Gap (NYSE:GPS)’s Rating was raised by Stock research analysts at Citigroup from a Sell rating to a Neutral rating in a research note revealed to clients and investors on 1 September.

The company’s rating upgrade is welcomed by stock speculators, as NYSE:GPS is now trading 2.56% higher at $24.22 as of 2:04 AM New York time. Gap’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% in the same time period.

According to data compiled by Thomson Reuters, Gap (NYSE:GPS)’s stock is covered by 29 equity analysts across the Street, with 11 analysts giving it a Sell rating, 2 a Buy rating, while 23 consider it a Hold. The 12-month consensus target price for the stock is $19.66, which reflects an downside potential of 18.83% over the current price.

Institutional Ownership

Hall Kathryn A. had the largest stake with ownership of 3.39 million shares as of q2 2015 for 98.61% of the long stock exposure. Rbs Partners L.P. is another bull as the investment manager who is possessing 2.55 million shares of Gap or 6.44% of their long stock exposure. Further, Jasper Ridge Partners L.P. have 2.61% of their long stock exposure invested in the company for 1.86 million shares. The New York-based fund Euclidean Technologies Management Llc revealed it had bought so far a stake worth about 1.81% of the investment manager’s stock portfolio in Gap. The Cayman Islands-based fund Quantres Asset Management Ltd is also positive about the stock, possessing 78,952 shares or 1.62% of their long stock exposure.

Gap (NYSE:GPS) Profile

Gap IncThe Gap, Inc. (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, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Gap (NYSE:GPS) traded up 2.56% on 1 September, hitting $24.22. A total of 894,680 shares of the company’s stock traded hands. This is down from average of 5.54 million shares. Gap has a 52 week low of $21.02 and a 52 week high of $30.74. The company has a market cap of $9.50 billion and a P/E ratio of 11.51.

Get the latest Gap (NYSE:GPS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Gap (NYSE:GPS) Wins Neutral Rating for Sell from Citigroup appeared first on Octafinance.



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Gap (NYSE:GPS) Wins Neutral Rating for Sell from Citigroup

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