Ingersoll Rand Inc. [NYSE: IR] stock went on a downward path that fall over -1.88% on Tuesday, amounting to a one-week price increase of more than 3.86%. The company report on November 2, 2022 that Ingersoll Rand Reports Record Third-Quarter 2022 Results.
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Strong Double-Digit Orders and Revenue Growth; Raising Guidance for Organic Growth and Mid-point of Adjusted EBITDA Range.
Over the last 12 months, IR stock dropped by -9.79%. The one-year Ingersoll Rand Inc. stock forecast points to a potential upside of 6.85. The average equity rating for IR stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $21.15 billion, with 404.50 million shares outstanding and 402.36 million shares in the current float. Compared to the average trading volume of 2.91M shares, IR stock reached a trading volume of 4688368 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $56.08 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 2.10. 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 August 05, 2022. The new note on the price target was released on April 06, 2022, representing the official price target for Ingersoll Rand Inc. stock. Previously, the target price had yet another raise from $58 to $68, while Wells Fargo kept a Overweight rating on IR stock.
The Average True Range (ATR) for Ingersoll Rand Inc. is set at 1.83, with the Price to Sales ratio for IR stock in the period of the last 12 months amounting to 3.83. The Price to Book ratio for the last quarter was 2.41, with the Price to Cash per share for the same quarter was set at 3.23. Price to Free Cash Flow for IR in the course of the last twelve months was 43.28 with Quick ratio for the last quarter at 1.70.
IR Stock Performance Analysis:
Ingersoll Rand Inc. [IR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.86. With this latest performance, IR shares gained by 15.68% in over the last four-week period, additionally plugging by 23.32% over the last 6 months – not to mention a drop of -9.79% 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 63.45, with the RSI for the last a single of trading hit 65.90, and the three-weeks RSI is set at 60.76 for Ingersoll Rand Inc. [IR]. The present Moving Average for the last 50 days of trading for this stock 47.55, while it was recorded at 51.76 for the last single week of trading, and 47.83 for the last 200 days.
Insight into Ingersoll Rand Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Ingersoll Rand Inc. [IR] shares currently have an operating margin of +12.18 and a Gross Margin at +32.13. Ingersoll Rand Inc.’s Net Margin is presently recorded at +10.11.
Return on Equity for this stock inclined to 5.79, with Return on Assets sitting at 3.44.
Ingersoll Rand Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.40.
IR Stock EPS
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 10.00%.
Ingersoll Rand Inc. [IR] Insider Position Details
There are presently around $20,926 million, in the hands of institutional investors. The top three institutional holders of IR stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 75,163,087, which is approximately 9.24% of the company’s market cap and around 0.25% of the total institutional ownership; VANGUARD GROUP INC, holding 44,683,065 shares of the stock with an approximate value of $2.33 billion in IR stocks shares; and BLACKROCK INC., currently with $1.63 billion in IR stock with ownership of nearly 5.13% of the company’s market capitalization.
Positions in Ingersoll Rand Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 256 institutional holders increased their position in Ingersoll Rand Inc. [NYSE:IR] by around 27,574,105 shares. Additionally, 261 investors decreased positions by around 20,476,959 shares, while 134 investors held positions by with 352,515,049 shares. The mentioned changes placed institutional holdings at 400,566,113 shares, according to the latest SEC report filing. IR stock had 66 new institutional investments in for a total of 3,520,998 shares, while 71 institutional investors sold positions of 4,307,559 shares during the same period.