At the time of writing, Ingersoll-Rand Inc [IR] stock is trading at $92.99, down -0.55%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IR shares have lost -0.43% over the last week, with a monthly amount glided 3.88%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 9, April 2024, Ingersoll Rand Schedules First Quarter 2024 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, will issue its first quarter 2024 earnings release after the market closes on Thursday, May 2, 2024.
From an analyst’s perspective:
Ingersoll-Rand Inc [NYSE: IR] stock has seen the most recent analyst activity on March 12, 2024, when Exane BNP Paribas initiated its Neutral rating and assigned the stock a price target of $92. Previously, Evercore ISI downgraded its rating to In-line on February 20, 2024, and elevated its price target to $89. On October 24, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $73 on the stock. Evercore ISI upgraded its rating to a Outperform but stick to its price target of $71 on May 09, 2023. Deutsche Bank downgraded its rating to a Hold and raised its price target to $52 on August 05, 2022. Wolfe Research downgraded its rating to Peer Perform for this stock on April 06, 2022. In a note dated November 19, 2021, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $58 to $68.
For the past year, the stock price of Ingersoll-Rand Inc fluctuated between $53.24 and $96.17. Currently, Wall Street analysts expect the stock to reach $54.8 within the next 12 months. Ingersoll-Rand Inc [NYSE: IR] shares were valued at $92.99 at the most recent close of the market. An investor can expect a potential drop of -41.07% based on the average IR price forecast.
Analyzing the IR fundamentals
According to Ingersoll-Rand Inc [NYSE:IR], the company’s sales were 6.88B for trailing twelve months, which represents an 12.18% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
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 91.69 points at the first support level, and at 90.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.04, and for the 2nd resistance point, it is at 95.10.
Ratios To Look Out For
It is important to note that Ingersoll-Rand Inc [NYSE:IR] has a current ratio of 2.22. Further, the Quick Ratio stands at 1.67, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 5.46, the price to book ratio is 3.83 and price to earnings (TTM) ratio is 48.79.
Transactions by insiders
Recent insider trading involved Schiesl Andrew R, that happened on Mar 11 ’24 when 35000.0 shares were sold., Reynal Vicente completed a deal on Feb 28 ’24 to sell 0.24 million shares. Meanwhile, Reynal Vicente sold 80000.0 shares on Feb 22 ’24.
