Gartner (IT) Getting Somewhat Favorable News Coverage, Study Shows
News stories about Gartner (NYSE:IT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gartner earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 46.3419849738498 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Gartner, Inc. (IT) falls short of target revenue from assets as return of … – Times Money (thetimesmoney.org)
- Gartner: Samsung overtakes Intel as the world’s top semiconductor maker – SiliconANGLE (blog) (siliconangle.com)
- Four Of Five Smartphones To Have Artificial Intelligence: Report (finance.yahoo.com)
- Gartner Says Worldwide Semiconductor Revenue Grew 22.2 Percent in 2017; Samsung Takes Over No. 1 Position (design-reuse.com)
- $1.03 Billion in Sales Expected for Gartner, Inc. (IT) This Quarter (americanbankingnews.com)
Shares of Gartner (NYSE:IT) traded up $2.11 during trading hours on Thursday, hitting $127.30. 828,488 shares of the stock traded hands, compared to its average volume of 605,600. The stock has a market capitalization of $11,540.00, a P/E ratio of -374.41, a price-to-earnings-growth ratio of 1.94 and a beta of 1.05. 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 has a 1-year low of $90.37 and a 1-year high of $130.02.
IT has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group initiated coverage on shares of Gartner in a report on Wednesday, November 8th. They issued a “buy” rating and a $146.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $143.00 target price on shares of Gartner in a report on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $104.00 target price on shares of Gartner in a report on Friday, November 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 target price on shares of Gartner in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Gartner presently has an average rating of “Buy” and a consensus price target of $132.60.
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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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