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.
A number of analysts gave price targets for IT. The most optimistic analyst gave a price target of 142, which equates to a potential upside of 10.91 percent. The most pessimistic analyst gave a price target of 112, which equates to a potential downside 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -5.59 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.14 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 6.62 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
IT has an estimated earnings growth rate of 61.16 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. 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. Today's price is 51.44 percent above the 52-week 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 stock has a market capitalization of $11.58 billion. IT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.