TMCnet News
Highest Forward P/E Ratio in the IT Consulting & Other Services Industry Detected in Shares of Gartner (IT, FORR, ACXM, TDC, CBR)Jan 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the IT Consulting & Other Services industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Gartner ranks highest with a a forward P/E ratio of 24.37. Following is Forrester Research with a a forward P/E ratio of 23.37. Acxiom ranks third highest with a a forward P/E ratio of 21.97. Teradata follows with a a forward P/E ratio of 20.93, and Ciber rounds out the top five with a a forward P/E ratio of 20.00. SmarTrend recommended that subscribers consider buying shares of Teradata on December 18th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $62.13. Since that recommendation, shares of Teradata have risen 5.2%. We continue to monitor Teradata for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |