Stock To Watch: Gartner, Inc. (NYSE:IT)


The leading market experts have placed a mean price target of $100.10 on Gartner, Inc. (NYSE:IT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.99 a share for the upcoming quarter and $2.81 for the current fiscal.

Technical View

The technical analysis of Gartner, Inc. Common Stock plainly substantiates that the 50-day moving average of Gartner, Inc. Common Stock is $95.14, and stock is trading $-3.60 points away or -3.78% from its 50-day moving average of $95.14. Further it is trading $-1.27 or -1.37% away its 200-day moving average of $92.81. Gartner, Inc. (NYSE:IT) 52-week high is $103.00 and the 52-week low is $77.80.

This explains if the stock moves $-11.46, it will post a 52-week high. In event of +17.66% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Gartner, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Gartner, Inc. (NYSE:IT) ratio came in at 41.74.

The stock last ended the trading session at $91.54 and registered a market cap of $7.56B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Gartner, Inc. (NYSE:IT) PEG ratio is at 2.27.

1 Chart Pattern Every Investor Should Know

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