At the time of writing, Ingersoll-Rand Inc [IR] stock is trading at $91.03, up 1.25%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IR shares have gain 4.27% over the last week, with a monthly amount drifted -9.28%, and not 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.
For the past year, the stock price of Ingersoll-Rand Inc fluctuated between $59.20 and $101.30. Currently, Wall Street analysts expect the stock to reach $66.58 within the next 12 months. Ingersoll-Rand Inc [NYSE: IR] shares were valued at $91.03 at the most recent close of the market. An investor can expect a potential drop of -26.86% based on the average IR price forecast.
Analyzing the IR fundamentals
According to Ingersoll-Rand Inc [NYSE:IR], the company’s sales were 7.04B for trailing twelve months, which represents an 7.04% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.15%, 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 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
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 90.13 points at the first support level, and at 89.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.52, and for the 2nd resistance point, it is at 92.02.
Ratios To Look Out For
It is important to note that Ingersoll-Rand Inc [NYSE:IR] has a current ratio of 2.18. Also, the Quick Ratio is 1.52, while the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 5.22, the price to book ratio is 3.69 and price to earnings (TTM) ratio is 45.01.
Transactions by insiders
Recent insider trading involved Schiesl Andrew R, that happened on Aug 08 ’24 when 15381.0 shares were sold., Schiesl Andrew R completed a deal on Aug 09 ’24 to sell 8640.0 shares. Meanwhile, Officer Schiesl Andrew R bought 8640.0 shares on Aug 09 ’24.
