Gartner Receives Consensus Recommendation of “Buy” from Analysts (NYSE:IT)
Shares of Gartner (NYSE:IT) have received a consensus recommendation of “Buy” from the eleven ratings firms that are covering the company, Stock Ratings News reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $75.61.
Shares of Gartner (NYSE:IT) traded up 1.21% on Monday, hitting $73.02. The stock had a trading volume of 78,977 shares. Gartner has a 52 week low of $56.55 and a 52 week 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 $6.491 billion and a price-to-earnings ratio of 35.16.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Gartner will post $2.28 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Gartner from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $75.90 price target on the stock.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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