Ingersoll Rand Inc. [IR] moved up 7.70: Why It’s Important

Ingersoll Rand Inc. [NYSE: IR] closed the trading session at $38.75 on 11/03/20. The day’s price range saw the stock hit a low of $36.04, while the highest price level was $38.99. The company report on November 3, 2020 that Ingersoll-Rand Inc to Host Earnings Call.

Ingersoll-Rand Inc (NYSE:IR) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 3, 2020 at 10:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/70209.

The stocks have a year to date performance of 5.64 percent and weekly performance of 7.34 percent. The stock has been moved at 42.05 percent over the last six months. The stock has performed 4.99 percent around the most recent 30 days and changed 17.78 percent over the most recent 3-months.

If compared to the average trading volume of 2.27M shares, IR reached to a volume of 3662961 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $37.86 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 2.40. 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.

Jefferies have made an estimate for Ingersoll Rand Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 24, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on June 15, 2020, representing the official price target for Ingersoll Rand Inc. stock. Previously, the target price had yet another raise from $28 to $29, while Deutsche Bank kept a Hold rating on IR stock.

The Average True Range (ATR) for Ingersoll Rand Inc. is set at 1.15, with the Price to Sales ratio for IR stock in the period of the last 12 months amounting to 4.97. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 2.80. Price to Free Cash Flow for IR in the course of the last twelve months was 33.45 with Quick ratio for the last quarter at 1.60.

IR stock trade performance evaluation

Ingersoll Rand Inc. [IR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.34. With this latest performance, IR shares gained by 4.99% in over the last four-week period, additionally plugging by 42.05% over the last 6 months – not to mention a rise of 15.88% 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 62.98, with the RSI for the last a single of trading hit 67.28, and the three-weeks RSI is set at 61.28 for Ingersoll Rand Inc. [IR]. The present Moving Average for the last 50 days of trading for this stock 36.17, while it was recorded at 36.00 for the last single week of trading, and 31.56 for the last 200 days.

Ingersoll Rand Inc. [IR]: An insightful look at the core fundamentals

Ingersoll Rand Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.30.

Earnings per share (EPS) analysis for Ingersoll Rand Inc. [IR] stock

With the latest financial reports released by the company, Ingersoll Rand Inc. posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.80%. 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 0.20%.

Ingersoll Rand Inc. [IR]: Insider Ownership positions

There are presently around $15,622 million, or 97.80% of IR stock, in the hands of institutional investors. The top three institutional holders of IR stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 69,821,078, which is approximately 17.061% of the company’s market cap and around 0.10% of the total institutional ownership; KOHLBERG KRAVIS ROBERTS & CO. L.P., holding 44,788,635 shares of the stock with an approximate value of $1.74 billion in IR stocks shares; and VANGUARD GROUP INC, currently with $1.48 billion in IR stock with ownership of nearly 20.599% of the company’s market capitalization.

204 institutional holders increased their position in Ingersoll Rand Inc. [NYSE:IR] by around 58,096,598 shares. Additionally, 298 investors decreased positions by around 55,590,367 shares, while 99 investors held positions by with 289,468,722 shares. The mentioned changes placed institutional holdings at 403,155,687 shares, according to the latest SEC report filing. IR stock had 66 new institutional investments in for a total of 4,950,761 shares, while 92 institutional investors sold positions of 3,162,392 shares during the same period.

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