Saturday, January 16, 2021

Ingersoll Rand Inc. [IR] fell -9.38% so far this year. What now?

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Ingersoll Rand Inc. [NYSE: IR] gained 8.34% or 2.56 points to close at $33.24 with a heavy trading volume of 6281736 shares. It opened the trading session at $32.08, the shares rose to $33.97 and dropped to $32.00, the range by which the price of stock traded the whole day. The daily chart for IR points out that the company has recorded -0.42% loss over the past six months. However, it is still -95.41% lower than its most recent low trading price.

If we look at the average trading volume of 4.80M shares, IR reached to a volume of 6281736 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about Ingersoll Rand Inc. [IR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IR shares is $29.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Ingersoll Rand Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 13, 2020. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on May 04, 2020, representing the official price target for Ingersoll Rand Inc. stock. Previously, the target price had yet another raise to $28, while Deutsche Bank analysts kept a Buy rating on IR stock.

The Average True Range (ATR) for Ingersoll Rand Inc. is set at 1.52, with the Price to Sales ratio for IR stock in the period of the last 12 months amounting to 4.86. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 1.45. Price to Free Cash Flow for IR in the course of the last twelve months was 43.85 with Quick ratio for the last quarter at 1.30.

Trading performance analysis for IR stock

Ingersoll Rand Inc. [IR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.87. With this latest performance, IR shares gained by 21.85% in over the last four-week period, additionally sinking by -0.42% over the last 6 months – not to mention a drop of -1.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IR stock in for the last two-week period is set at 68.82, with the RSI for the last a single of trading hit 73.75, and the three-weeks RSI is set at 63.54 for Ingersoll Rand Inc. [IR]. The present Moving Average for the last 50 days of trading for this stock 27.29, while it was recorded at 30.46 for the last single week of trading, and 30.77 for the last 200 days.

Ingersoll Rand Inc. [IR]: A deeper dive into fundamental analysis

Ingersoll Rand Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.10.

Ingersoll Rand Inc. [IR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Ingersoll Rand Inc. posted 0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ingersoll Rand Inc. go to 15.20%.

An analysis of insider ownership at Ingersoll Rand Inc. [IR]

There are presently around $13,430 million, or 96.80% of IR stock, in the hands of institutional investors. The top three institutional holders of IR stocks are: KOHLBERG KRAVIS ROBERTS & CO. L.P. with ownership of 70,671,135, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 59,644,875 shares of the stock with an approximate value of $1.98 billion in IR stocks shares; and VANGUARD GROUP INC, currently with $1.05 billion in IR stock with ownership of nearly 14.421% of the company’s market capitalization.

201 institutional holders increased their position in Ingersoll Rand Inc. [NYSE:IR] by around 75,731,308 shares. Additionally, 769 investors decreased positions by around 67,525,574 shares, while 37 investors held positions by with 260,769,766 shares. The mentioned changes placed institutional holdings at 404,026,648 shares, according to the latest SEC report filing. IR stock had 53 new institutional investments in for a total of 5,850,964 shares, while 448 institutional investors sold positions of 23,806,684 shares during the same period.

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