Gartner Given Average Rating of “Buy” by Analysts (NYSE:IT)
Shares of Gartner (NYSE:IT) have earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, Stock Ratings Network reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $71.10.
In other Gartner news, SVP Robin B. Kranich sold 11,110 shares of Gartner stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $73.02, for a total value of $811,252.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
IT has been the subject of a number of recent research reports. Analysts at Leerink Swann initiated coverage on shares of Gartner in a research note on Wednesday. They set an “outperform” rating and a $35.00 price target on the stock. Analysts at Zacks upgraded shares of Gartner from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $75.90 price target on the stock.
Shares of Gartner (NYSE:IT) opened at 72.93 on Monday. Gartner has a 52 week low of $56.55 and a 52 week high of $75.61. The stock has a 50-day moving average of $70.65 and a 200-day moving average of $69.74. The company has a market cap of $6.483 billion and a P/E ratio of 35.34.
Gartner (NYSE:IT) last posted its earnings data on Tuesday, August 5th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. 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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