Ingersoll-Rand Inc [IR] stock is trading at $98.66, up 1.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IR shares have gain 7.11% over the last week, with a monthly amount glided 4.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Exane BNP Paribas started tracking the stock with Neutral rating on March 12, 2024, and set its price target to $92. On February 20, 2024, downgrade downgraded it’s rating to In-line and revised its price target to $89 on the stock. Stifel upgraded its rating to a Buy but stick to its price target of $73 on October 24, 2023. Evercore ISI upgraded its rating to a Outperform but $71 remained the price target by the analyst firm on May 09, 2023. Deutsche Bank downgraded its rating to Hold for this stock on August 05, 2022, and upped its price target to $52. In a note dated April 06, 2022, Wolfe Research downgraded an Peer Perform rating on this stock.
Ingersoll-Rand Inc [IR] stock has fluctuated between $59.20 and $98.28 over the past year. Currently, Wall Street analysts expect the stock to reach $59.73 within the next 12 months. Ingersoll-Rand Inc [NYSE: IR] shares were valued at $98.66 at the most recent close of the market. An investor can expect a potential drop of -39.46% based on the average IR price forecast.
Analyzing the IR fundamentals
Ingersoll-Rand Inc [NYSE:IR] reported sales of 6.92B for the trailing twelve months, which represents a growth of 2.50%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.09. 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 97.90 points at the first support level, and at 97.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.43, and for the 2nd resistance point, it is at 100.20.
Ratios To Look Out For
For context, Ingersoll-Rand Inc’s Current Ratio is 2.32. In addition, the Quick Ratio stands at 1.71 and the Cash Ratio stands at 0.84. Considering the valuation of this stock, the price to sales ratio is 5.75, the price to book ratio is 4.04 and price to earnings (TTM) ratio is 49.13.
Transactions by insiders
Recent insider trading involved Reynal Vicente,, that happened on Jun 04 ’24 when 0.2 million shares were sold., Reynal Vicente completed a deal on Jun 03 ’24 to sell 0.26 million shares. Meanwhile, Schiesl Andrew R sold 22369.0 shares on May 17 ’24.
