Ingersoll Rand Inc. (NYSE:IR) Given Average Recommendation of “Buy” by


Ingersoll Rand Inc. (NYSE:IR) has earned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $49.42.

IR has been the topic of several research reports. Robert W. Baird upped their price target on shares of Ingersoll Rand from $47.00 to $58.00 in a research note on Tuesday, January 12th. Morgan Stanley increased their price objective on shares of Ingersoll Rand from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday. TheStreet upgraded shares of Ingersoll Rand from a “c+” rating to a “b-” rating in a research note on Wednesday, April 28th. Barclays increased their price objective on shares of Ingersoll Rand from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 6th. Finally, Credit Suisse Group increased their price objective on shares of Ingersoll Rand from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 2nd.

Shares of IR opened at $48.30 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.43 and a quick ratio of 1.72. The company’s 50-day moving average is $50.00 and its 200-day moving average is $45.40. Ingersoll Rand has a fifty-two week low of $24.81 and a fifty-two week high of $52.12. The firm has a market capitalization of $20.23 billion, a PE ratio of -130.54 and a beta of 1.53.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Wednesday, April 28th. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.54. Ingersoll Rand had a negative net margin of 3.97% and a negative return on equity of 2.27%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company posted $0.25 earnings per share. Ingersoll Rand’s revenue was up 94.7% compared to the same quarter last year. Analysts predict that Ingersoll Rand will post -0.27 earnings per share for the current fiscal year.

In other news, insider Vicente Reynal sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $50.00, for a total value of $1,500,000.00. Following the sale, the insider now directly owns 68,832 shares in the company, valued at approximately $3,441,600. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of IR. Perigon Wealth Management LLC bought a new position in Ingersoll Rand in the 4th quarter valued at approximately $26,000. Eudaimonia Partners LLC bought a new position in Ingersoll Rand in the 4th quarter valued at approximately $27,000. Paces Ferry Wealth Advisors LLC bought a new position in Ingersoll Rand in the 3rd quarter valued at approximately $28,000. Addison Advisors LLC bought a new position in Ingersoll Rand in the 4th quarter valued at approximately $32,000. Finally, Freedman Financial Associates Inc. bought a new position in Ingersoll Rand in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 95.91% of the company’s stock.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through four segments: Industrial Technologies and Services; Precision and Science Technologies; Specialty Vehicle Technologies; and High Pressure Solutions segments.

Read More: What does the Dow Jones Industrial Average (DJIA) measure?

Analyst Recommendations for Ingersoll Rand (NYSE:IR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: How to build a Fibonacci channel



News Read More:
Ingersoll Rand Inc. (NYSE:IR) Given Average Recommendation of “Buy” by

Get real time updates directly on you device, subscribe now.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.