News coverage about Gartner (NYSE:IT) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gartner earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the information technology services provider an impact score of 46.3419849738498 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
Several brokerages have issued reports on IT. Morgan Stanley boosted their price target on Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $143.00 price target on shares of Gartner in a research note on Friday, November 3rd. BMO Capital Markets reissued a “buy” rating and issued a $132.00 price target on shares of Gartner in a research note on Wednesday, October 4th. Robert W. Baird reissued a “buy” rating and issued a $135.00 price target on shares of Gartner in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Gartner currently has a consensus rating of “Buy” and an average target price of $132.60.
Shares of Gartner (NYSE:IT) traded up $1.45 during trading hours on Thursday, hitting $129.61. The stock had a trading volume of 209,419 shares, compared to its average volume of 451,690. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73. Gartner has a one year low of $95.40 and a one year high of $130.55. The firm has a market capitalization of $11,720.00, a price-to-earnings ratio of -381.21, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05.
Gartner (NYSE:IT) last issued its earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.13. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The company had revenue of $828.09 million for the quarter, compared to analyst estimates of $826.09 million. During the same period in the prior year, the firm earned $0.58 earnings per share. Gartner’s revenue for the quarter was up 44.3% on a year-over-year basis. research analysts anticipate that Gartner will post 3.42 EPS for the current year.
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Gartner Company Profile
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.
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