Several brokerages have updated their recommendations and price targets on shares of Gartner (NYSE: IT) in the last few weeks:

  • 2/7/2018 – Gartner had its price target lowered by analysts at Robert W. Baird from $145.00 to $140.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – Gartner had its price target lowered by analysts at BMO Capital Markets from $139.00 to $135.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – Gartner had its price target lowered by analysts at Morgan Stanley from $131.00 to $127.00. They now have an “equal weight” rating on the stock.
  • 2/7/2018 – Gartner had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $142.00 price target on the stock, down previously from $160.00.
  • 2/6/2018 – Gartner was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 2/6/2018 – Gartner had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $139.00 price target on the stock. They wrote, “4Q17 revenues top estimates. Total revenue was $1,064.6 mn (+13% organic cc) vs. our estimate of $1,045.4 mn and the $1,043.3 mn FactSet consensus. Research revenue was $731.5 mn vs. our estimate of $716.9 mn (+17% organic cc). Consulting revenue was $85.3 mn vs. our estimate of $85.9 mn (+3% y/y organic cc). Events revenue was $168.7 mn vs. our estimate of $167.8 mn (+5% organic cc). New Talent Assessment & Other segment revenues were $79.1 mn vs. our estimate of $74.8 mn. The deferred revenue fair value assessment was $50.1 mn vs. our estimate of $48.0 mn. Non-GAAP EPS was $1.17, vs. our estimate of $1.32 and consensus of the same. The earnings miss looks to be driven by higher than expected SG&A expenses. Performance table is on p. 2.””
  • 2/5/2018 – Gartner was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gartner has a large and diverse addressable market with low customer concentration that mitigates operating risks. Over the years, Gartner research reports have become indispensable tools for diverse companies across different sectors, strengthening its leading position in the market. The company offers timely, thought-provoking and comprehensive analysis that is known for its high quality, independence and objectivity. The company has outperformed the industry in the last three months. However, a significant portion of Gartner’s revenues is generated from operations outside the United States, making it vulnerable to adverse foreign currency fluctuations. Gartner faces stiff competition from other players in the market. Post the Brexit referendum, the company faces the risk of being stifled by the renegotiated deals and restrictions. Some of its services are also cyclically sensitive, affecting its long-term profitability.”
  • 2/2/2018 – Gartner was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $155.00 price target on the stock. According to Zacks, “Gartner has a large and diverse addressable market with low customer concentration that mitigates operating risks. Over the years, Gartner research reports have become indispensable tools for diverse companies across different sectors, strengthening its leading position in the market. The company offers timely, thought-provoking and comprehensive analysis that is known for its high quality, independence and objectivity. This unbiased, pragmatic and actionable insight can help organizations to effectively save thousands of dollars through in-depth research. The acquisition of CEB further reinforces Gartner’s market strength. With a diligent execution of operational plans, the company has recorded double-digit growth in key metrics for over a decade. The company has outperformed the industry in the last three months. However, stiff competition and adverse foreign currency translation undermine its long-term growth potential to some extent.”
  • 1/31/2018 – Gartner had its price target raised by analysts at Morgan Stanley from $120.00 to $131.00. They now have an “equal weight” rating on the stock.
  • 1/30/2018 – Gartner had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $136.00 price target on the stock.
  • 1/23/2018 – Gartner had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $130.00 price target on the stock.
  • 1/19/2018 – Gartner had its price target raised by analysts at Royal Bank of Canada to $98.00. They now have a “top pick” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/2/2018 – Gartner was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Gartner has underperformed the industry in the last three months. With modest revenue coming from the U.K., Gartner is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering productivity of the company. Revenue from the federal government business is also exposed to lengthy approval times and other austerity measures, which undermine the long-term growth potential to some extent. Moreover, Gartner has to continually invest in value drivers in order to retain a competitive edge and fend off competition, which increases its operating costs and contract margins. However, the company has a large and diverse addressable market with low customer concentration that mitigates operating risks.”

Shares of Gartner Inc (IT) traded up $1.36 during trading on Monday, hitting $116.85. The company’s stock had a trading volume of 233,236 shares, compared to its average volume of 658,332. Gartner Inc has a one year low of $100.33 and a one year high of $142.16. The stock has a market cap of $10,469.28, a price-to-earnings ratio of 3,895.00, a PEG ratio of 1.78 and a beta of 1.06. 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 (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Gartner had a return on equity of 49.06% and a net margin of 0.10%. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. analysts forecast that Gartner Inc will post 3.94 EPS for the current fiscal year.

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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