Gartner (IT) Getting Somewhat Favorable Media Coverage, Study Shows
Headlines about Gartner (NYSE:IT) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gartner earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 45.7139400295827 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Gartner: global security spending will reach $96 billion in 2018 (mactech.com)
- AI to Drive Job Growth by 2020: Gartner (blogs.wsj.com)
- Mobile Forms Solution doForms is Listed as a Representative Vendor in Gartner’s Market Guide for Rapid Mobile App Development Tools (prweb.com)
- AdvancedMD Named Leader on Gartner’s FrontRunners Quadrant for the Second Time in 2017 (markets.financialcontent.com)
- AI to create more jobs by 2020, says Gartner (digitimes.com)
Gartner (NYSE:IT) traded up $2.46 on Friday, reaching $122.51. 633,400 shares of the company’s stock traded hands, compared to its average volume of 676,383. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner has a 12 month low of $90.37 and a 12 month high of $130.02. The stock has a market capitalization of $10,998.69, a P/E ratio of 39.14, a P/E/G ratio of 2.21 and a beta of 1.06.
A number of equities analysts have recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Gartner in a research report on Wednesday, November 8th. They issued a “buy” rating and a $146.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $143.00 price objective on shares of Gartner in a research report on Friday, November 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $104.00 price objective on shares of Gartner in a research report on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and issued a $135.00 price objective on shares of Gartner in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $132.60.
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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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