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.
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