Gartner Reaches New 52-Week High at $75.72 (IT)
Shares of Gartner (NYSE:IT) hit a new 52-week high during mid-day trading on Wednesday , Analyst Ratings Network reports. The company traded as high as $75.72 and last traded at $75.09, with a volume of 83,569 shares traded. The stock had previously closed at $75.32.
Separately, 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $75.61.
The stock has a 50-day moving average of $71.69 and a 200-day moving average of $70.39. The company has a market cap of $6.677 billion and a P/E ratio of 36.71.
Gartner (NYSE:IT) last issued its quarterly 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.
In other Gartner news, CEO Eugene A. Hall sold 17,855 shares of Gartner stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $73.69, for a total value of $1,315,734.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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