Ingersoll-Rand Inc [IR] stock prices are up 0.24% to $90.75 at the moment. 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 gain 1.70% over the last week, with a monthly amount drifted -10.24%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ingersoll-Rand Inc [NYSE: IR] stock has seen the most recent analyst activity on November 18, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $107 from $112. On September 06, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $97 on the stock. Exane BNP Paribas initiated its recommendation with a Neutral and recommended $92 as its price target on March 12, 2024. Evercore ISI downgraded its rating to In-line for this stock on February 20, 2024, and upped its price target to $89. In a note dated October 24, 2023, Stifel upgraded an Buy rating on this stock but restated the target price of $73.
The stock price of Ingersoll-Rand Inc [IR] has been fluctuating between $76.64 and $106.03 over the past year. Currently, Wall Street analysts expect the stock to reach $104.5 within the next 12 months. Ingersoll-Rand Inc [NYSE: IR] shares were valued at $90.75 at the most recent close of the market. An investor can expect a potential return of 15.15% based on the average IR price forecast.
Analyzing the IR fundamentals
The Ingersoll-Rand Inc [NYSE:IR] reported sales of 7.16B for trailing twelve months, representing a surge of 7.02%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, 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 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 90.27 points at the first support level, and at 89.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.24, and for the 2nd resistance point, it is at 91.73.
Ratios To Look Out For
It’s worth pointing out that Ingersoll-Rand Inc [NYSE:IR]’s Current Ratio is 2.36. Further, the Quick Ratio stands at 1.71, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 5.10, the price to book ratio is 3.57 and price to earnings (TTM) ratio is 44.11.
Transactions by insiders
Recent insider trading involved Scheske Michael J, VP, Chief Accounting Officer, that happened on Nov 05 ’24 when 2531.0 shares were sold., Schiesl Andrew R completed a deal on Nov 05 ’24 to sell 24234.0 shares. Meanwhile, Insider Scheske Michael J bought 2531.0 shares on Nov 05 ’24.
