Ingersoll-Rand Inc [IR] stock is trading at $99.94, up 1.98%. 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 5.17% over the last week, with a monthly amount glided 13.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ingersoll-Rand Inc [NYSE: IR] stock has seen the most recent analyst activity on September 06, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $97. On March 12, 2024, Exane BNP Paribas initiated with a Neutral rating and assigned a price target of $92 on the stock. Evercore ISI downgraded its rating to a In-line and increased its price target to $89 on February 20, 2024. Stifel upgraded its rating to a Buy but $73 remained the price target by the analyst firm on October 24, 2023. Evercore ISI upgraded its rating to Outperform for this stock on May 09, 2023, but kept the price target unchanged to $71. In a note dated August 05, 2022, Deutsche Bank downgraded an Hold rating on this stock and boosted its target price from $50 to $52.
Ingersoll-Rand Inc [IR] stock has fluctuated between $59.20 and $101.30 over the past year. Currently, Wall Street analysts expect the stock to reach $70.67 within the next 12 months. Ingersoll-Rand Inc [NYSE: IR] shares were valued at $99.94 at the most recent close of the market. An investor can expect a potential drop of -29.29% based on the average IR price forecast.
Analyzing the IR fundamentals
Ingersoll-Rand Inc [NYSE:IR] reported sales of 7.04B for the trailing twelve months, which represents a growth of 7.04%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 97.85 points at the first support level, and at 95.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.39, and for the 2nd resistance point, it is at 102.83.
Ratios To Look Out For
For context, Ingersoll-Rand Inc’s Current Ratio is 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 5.73, the price to book ratio is 4.05 and price to earnings (TTM) ratio is 49.41.
Transactions by insiders
Recent insider trading involved Keene Kathleen M.,, that happened on Aug 27 ’24 when 4629.0 shares were sold., Keene Kathleen M. completed a deal on Aug 28 ’24 to sell 45.0 shares. Meanwhile, Officer Kathleen Keene bought 45.0 shares on Aug 28 ’24.
