BMO Capital Markets Increases Gartner Price Target to $69.00 (IT)
Equities researchers at BMO Capital Markets hoisted their price objective on shares of Gartner (NYSE:IT) from $61.00 to $69.00 in a research report issued on Friday, Stock Ratings News reports. BMO Capital Markets’ target price points to a potential upside of 5.62% from the stock’s previous close.
Shares of Gartner (NYSE:IT) traded up 4.51% during mid-day trading on Friday, hitting $65.33. The stock had a trading volume of 853,292 shares. Gartner has a one year low of $47.99 and a one year high of $71.49. The stock has a 50-day moving average of $69.03 and a 200-day moving average of $62.54. The company has a market cap of $6.022 billion and a price-to-earnings ratio of 33.06.
Gartner (NYSE:IT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.02. The company had revenue of $520.70 million for the quarter, compared to the consensus estimate of $521.20 million. During the same quarter last year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Gartner will post $2.35 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Gartner from $70.00 to $75.00 in a research note to investors on Wednesday, January 29th. They now have an “equal weight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Gartner from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a $85.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Gartner in a research note to investors on Friday, January 10th. They set a “sector perform” rating and a $73.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Gartner presently has an average rating of “Hold” and an average target price of $68.78.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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