BMO Capital Remains a Buy on Gartner (IT)

By Austin Angelo

In a report released yesterday, Jeffrey Silber from BMO Capital reiterated a Buy rating on Gartner (NYSE: IT), with a price target of $161. The company’s shares closed yesterday at $149.76, close to its 52-week high of $149.97.

According to TipRanks.com, Silber is a top 25 analyst with an average return of 23.8% and a 80.2% success rate. Silber covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, AMN Healthcare Services Inc, and American Public Education.

Currently, the analyst consensus on Gartner is a Strong Buy with an average price target of $147.

See today’s analyst top recommended stocks >>

Based on Gartner’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $46.27 million. In comparison, last year the company had a GAAP net loss of $92.28 million.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gartner, Inc. is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research; Consulting; Events; and Talent Assessment and Other. The Research segment gives advices on the mission-critical priorities of leaders.