Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Gartner (IT) Stock Price
News stories about Gartner (NYSE:IT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gartner earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 46.5249281468537 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- o9 Solutions positioned by Gartner as Furthest in Completeness of Vision in Challengers Quadrant on 2017 Magic … – PR Newswire (press release) (prnewswire.com)
- Landis+Gyr Again Named a Leader in Gartner’s Magic Quadrant for Meter Data Management Products – PR Newswire (press release) (prnewswire.com)
- Gartner: 10 ways AI can improve smartphones (gcn.com)
- Semi sales soared by 22% over 2016, says Gartner (newelectronics.co.uk)
- Gartner Highlights 10 Uses for AI-Powered Smartphones (dabcc.com)
A number of brokerages have commented on IT. Zacks Investment Research cut Gartner from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group began coverage on Gartner in a research report on Wednesday, November 8th. They issued a “buy” rating and a $146.00 price target for the company. Royal Bank of Canada restated a “buy” rating and issued a $143.00 price target on shares of Gartner in a research report on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $104.00 price target on shares of Gartner in a research report on Friday, November 3rd. Finally, Robert W. Baird restated a “buy” rating and issued a $135.00 price target on shares of Gartner in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Gartner currently has an average rating of “Buy” and a consensus target price of $132.60.
Shares of Gartner (NYSE:IT) traded up $0.97 on Monday, reaching $130.31. The company’s stock had a trading volume of 524,430 shares, compared to its average volume of 555,820. 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 stock has a market capitalization of $11,790.00, a PE ratio of -383.26, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05. Gartner has a fifty-two week low of $94.77 and a fifty-two week high of $130.39.
Gartner (NYSE:IT) last issued its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.13. The business had revenue of $828.09 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $0.58 earnings per share. equities research analysts forecast that Gartner will post 3.42 EPS for the current year.
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.
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with Analyst Ratings Network's FREE daily email newsletter.