Gartner (NYSE:IT) had its target price hoisted by stock analysts at Royal Bank of Canada to $98.00 in a report released on Friday, The Fly reports. The brokerage currently has a “top pick” rating on the information technology services provider’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 26.87% from the stock’s previous close. The analysts noted that the move was a valuation call.

IT has been the subject of several other research reports. Zacks Investment Research lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $139.00 price objective on shares of Gartner in a research note on Thursday, November 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $104.00 price objective on shares of Gartner in a research note on Friday, November 3rd. Goldman Sachs Group initiated coverage on shares of Gartner in a research note on Wednesday, November 8th. They set a “buy” rating and a $146.00 price objective for the company. Finally, Robert W. Baird reiterated a “buy” rating and set a $135.00 price objective on shares of Gartner in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Gartner currently has an average rating of “Buy” and a consensus price target of $128.10.

Gartner (NYSE:IT) traded up $1.87 during trading hours on Friday, hitting $134.00. 712,000 shares of the stock traded hands, compared to its average volume of 454,775. Gartner has a twelve month low of $95.40 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $12,150.00, a price-to-earnings ratio of -394.12, a P/E/G ratio of 2.05 and a beta of 1.05.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in shares of Gartner by 70.8% during the 4th quarter. State of Alaska Department of Revenue now owns 17,942 shares of the information technology services provider’s stock worth $2,208,000 after acquiring an additional 7,440 shares in the last quarter. McCollum Christoferson Group LLC bought a new position in shares of Gartner during the 4th quarter worth approximately $3,264,000. Schwab Charles Investment Management Inc. raised its stake in shares of Gartner by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 495,756 shares of the information technology services provider’s stock worth $61,053,000 after acquiring an additional 28,027 shares in the last quarter. National Pension Service bought a new position in shares of Gartner during the 4th quarter worth approximately $13,727,000. Finally, Bank of Montreal Can grew its position in Gartner by 3.7% during the 4th quarter. Bank of Montreal Can now owns 45,032 shares of the information technology services provider’s stock worth $5,546,000 after purchasing an additional 1,613 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

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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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Analyst Recommendations for Gartner (NYSE:IT)

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