Gartner (NYSE:IT) Receiving Somewhat Positive News Coverage, Accern Reports

Media coverage about Gartner (NYSE:IT) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.11 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 46.7121730489406 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

IT has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on Gartner to $98.00 and gave the stock a “top pick” rating in a research report on Friday. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. BMO Capital Markets restated a “buy” rating and set a $132.00 target price on shares of Gartner in a research report on Wednesday, October 4th. Robert W. Baird restated a “buy” rating and set a $135.00 target price on shares of Gartner in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered Gartner from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $128.10.

Shares of Gartner (IT) traded up $3.35 during mid-day trading on Friday, hitting $137.35. The stock had a trading volume of 771,015 shares, compared to its average volume of 479,100. The firm has a market capitalization of $12,450.00, a P/E ratio of -403.97, a PEG ratio of 2.05 and a beta of 1.05. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73. Gartner has a 1-year low of $95.40 and a 1-year high of $138.26.

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

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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.

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