Gartner Stock Rating Upgraded by Zacks (IT)
Gartner (NYSE:IT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Friday. The firm currently has a $75.90 target price on the stock. Zacks‘s target price would indicate a potential upside of 5.20% from the stock’s previous close.
Shares of Gartner (NYSE:IT) traded up 1.51% during mid-day trading on Friday, hitting $72.15. The stock had a trading volume of 278,044 shares. Gartner has a 1-year low of $56.55 and a 1-year high of $75.61. The stock’s 50-day moving average is $70.25 and its 200-day moving average is $69.64. The company has a market cap of $6.414 billion and a P/E ratio of 34.64.
Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.09. The company had revenue of $519.80 million for the quarter, compared to the consensus estimate of $501.87 million. During the same quarter last year, the company posted $0.50 earnings per share. Gartner’s revenue was up 16.5% compared to the same quarter last year. On average, analysts predict that Gartner will post $2.28 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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