A share price of Gartner, Inc. [IT] is currently trading at $446.30, up 0.82%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IT shares have gain 2.87% over the last week, with a monthly amount drifted -0.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gartner, Inc. [NYSE: IT] stock has seen the most recent analyst activity on April 16, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $507. Previously, UBS upgraded its rating to Buy on April 11, 2024, and elevated its price target to $550. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $368 on June 01, 2023. Wells Fargo started tracking with a Overweight rating for this stock on July 13, 2022, and assigned it a price target of $305. In a note dated April 14, 2022, BofA Securities upgraded an Buy rating on this stock but restated the target price of $340.
Gartner, Inc. experienced fluctuations in its stock price throughout the past year between $323.61 and $486.54. Currently, Wall Street analysts expect the stock to reach $421.75 within the next 12 months. Gartner, Inc. [NYSE: IT] shares were valued at $446.30 at the most recent close of the market. An investor can expect a potential drop of -5.5% based on the average IT price forecast.
Analyzing the IT fundamentals
Trailing Twelve Months sales for Gartner, Inc. [NYSE:IT] were 5.97B which represents 4.55% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 1.25 and Total Capital is 0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 442.03 points at the first support level, and at 437.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 448.92, and for the 2nd resistance point, it is at 451.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gartner, Inc. [NYSE:IT] is 0.82. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 5.80, the price to book ratio is 48.60 and price to earnings (TTM) ratio is 44.40.
Transactions by insiders
Recent insider trading involved SMITH JAMES C, Director, that happened on Jun 06 ’24 when 10000.0 shares were sold. Director, FUCHS ANNE SUTHERLAND completed a deal on Jun 04 ’24 to sell 705.0 shares. Meanwhile, EVP, Global Business Sales Dawkins Alwyn sold 800.0 shares on May 22 ’24.
