Analyst Ratings for Gartner Inc. (IT)Updated: 2017-07-29
Analysts covering Gartner Inc. (NYSE:IT) have given it a consensus rating of Overweight. IT had previously received a consensus rating of Overweight a month ago.
Of the 11 analysts covering the stock, 6 gave it a buy rating, 1 issued an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Investment analysts gave a few price targets for IT. The highest price target was 142, which equates to a potential upside of 10.91 percent. The most pessimistic price target was 112, implying potential capital losses of -12.52 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -5.59 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.14 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 6.62 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
IT has an estimated earnings growth rate of 61.16 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of IT is 0.97.
In the last 52-weeks, IT has achieved a high of 130.02 and a low of 84.54. Currently the stock is 51.44 percent higher than its low, and 1.53 percent lower than its 52-week high. IT has a P/E ratio of 59.55. Investors typically compare the P/E ratio to a company's peers in the industry. The IT value stock report compares IT to some of its peers using value stock charts. The market cap of IT is $11.58 billion. IT's next earnings release will be on 0000-00-00, which is days away.