Brokerages Set Gartner, Inc. (IT) Target Price at $131.89

Shares of Gartner, Inc. (NYSE:IT) have been assigned a consensus rating of “Buy” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $131.89.

A number of analysts have recently weighed in on IT shares. Goldman Sachs Group started coverage on shares of Gartner in a research report on Wednesday, November 8th. They issued a “buy” rating and a $146.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $143.00 target price on shares of Gartner in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Monday, October 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $137.00 target price on shares of Gartner in a research report on Friday, October 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 target price on shares of Gartner in a research report on Friday, November 3rd.

Shares of Gartner (NYSE IT) traded up $0.54 during midday trading on Thursday, reaching $120.71. 505,943 shares of the company’s stock traded hands, compared to its average volume of 590,808. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner has a 1-year low of $90.37 and a 1-year high of $130.02. The company has a market cap of $10,940.00, a price-to-earnings ratio of 38.94, a PEG ratio of 2.20 and a beta of 1.05.

Gartner (NYSE:IT) last released its earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.13. The firm had revenue of $828.09 million for the quarter, compared to the consensus estimate of $826.09 million. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The company’s revenue was up 44.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. research analysts expect that Gartner will post 3.43 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Trust N.A. grew its position in Gartner by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 1,952 shares of the information technology services provider’s stock valued at $241,000 after purchasing an additional 26 shares during the last quarter. Cigna Investments Inc. New lifted its stake in Gartner by 3.1% during the 2nd quarter. Cigna Investments Inc. New now owns 3,426 shares of the information technology services provider’s stock valued at $423,000 after acquiring an additional 102 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in Gartner by 9.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock valued at $146,000 after acquiring an additional 103 shares during the period. Global X Management Co. LLC lifted its stake in Gartner by 6.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,835 shares of the information technology services provider’s stock valued at $227,000 after acquiring an additional 110 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Gartner by 1.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,246 shares of the information technology services provider’s stock valued at $825,000 after acquiring an additional 118 shares during the period. 96.43% of the stock is currently owned by institutional investors.

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About Gartner

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

Analyst Recommendations for Gartner (NYSE:IT)

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