Gartner PT Raised to $75.00 at BMO Capital Markets (IT)
BMO Capital Markets upped their price objective on shares of Gartner (NYSE:IT) from $69.00 to $75.00 in a research note issued on Friday, American Banking and Market News reports. BMO Capital Markets’ price objective points to a potential upside of 0.13% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Gartner from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $67.90 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Gartner from $70.00 to $76.00 in a research note on Monday, March 31st. They now have a “buy” rating on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Gartner from an “outperform” rating to a “market perform” rating in a research note on Monday, March 24th. They now have a $73.00 price target on the stock, up previously from $68.00. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Gartner presently has an average rating of “Hold” and an average price target of $71.89.
Gartner (NYSE:IT) opened at 74.90 on Friday. Gartner has a 52-week low of $55.53 and a 52-week high of $75.61. The stock’s 50-day moving average is $69.15 and its 200-day moving average is $66.95. The company has a market cap of $6.888 billion and a P/E ratio of 38.10.
Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. The company had revenue of $446.70 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Gartner will post $2.22 earnings per share for the current fiscal year.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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