At the time of writing, Ingersoll-Rand Inc [IR] stock is trading at $100.02, down -1.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The IR shares have gain 1.89% over the last week, with a monthly amount glided 15.18%, 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.
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 $70.67 within the next 12 months. Ingersoll-Rand Inc [NYSE: IR] shares were valued at $100.02 at the most recent close of the market. An investor can expect a potential drop of -29.34% 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. 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 99.26 points at the first support level, and at 98.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.10, and for the 2nd resistance point, it is at 102.17.
Ratios To Look Out For
It is important to note that Ingersoll-Rand Inc [NYSE:IR] has a current ratio of 2.18. On the other hand, the Quick Ratio is 1.52, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 5.74, the price to book ratio is 4.06 and price to earnings (TTM) ratio is 49.45.
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.
