Ingersoll Rand Inc. [NYSE: IR] gained 1.32% or 0.74 points to close at $56.70 with a heavy trading volume of 4620149 shares. The company report on March 3, 2023 that Ingersoll Rand to Participate at Upcoming Investor Conferences.
Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced the following upcoming investor events:.
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Vik Kini, Chief Financial Officer and Matthew Fort, Vice President, Investor Relations, will participate in a fireside chat at the 15th Annual Evercore ISI Industrial Conference on Wednesday, March 8, 2023 at 9:40 AM Eastern time.
It opened the trading session at $56.64, the shares rose to $56.89 and dropped to $56.10, the range by which the price of stock traded the whole day. The daily chart for IR points out that the company has recorded 32.08% gains over the past six months. However, it is still -44.35% lower than its most recent low trading price.
If we look at the average trading volume of 2.39M shares, IR reached to a volume of 4620149 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $62.25 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 1.54, with the Price to Sales ratio for IR stock in the period of the last 12 months amounting to 3.88. The Price to Book ratio for the last quarter was 2.50, with the Price to Cash per share for the same quarter was set at 3.99. Price to Free Cash Flow for IR in the course of the last twelve months was 31.27 with Quick ratio for the last quarter at 1.80.
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 3.17. With this latest performance, IR shares dropped by -2.36% in over the last four-week period, additionally plugging by 32.08% over the last 6 months – not to mention a rise of 13.86% 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 53.38, with the RSI for the last a single of trading hit 57.31, and the three-weeks RSI is set at 52.28 for Ingersoll Rand Inc. [IR]. The present Moving Average for the last 50 days of trading for this stock 56.47, while it was recorded at 55.69 for the last single week of trading, and 50.82 for the last 200 days.
Ingersoll Rand Inc. [IR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ingersoll Rand Inc. [IR] shares currently have an operating margin of +14.87 and a Gross Margin at +33.43. Ingersoll Rand Inc.’s Net Margin is presently recorded at +9.96.
Return on Total Capital for IR is now 7.11, given the latest momentum, and Return on Invested Capital for the company is 4.82. Return on Equity for this stock inclined to 6.48, with Return on Assets sitting at 3.94. When it comes to the capital structure of this company, Ingersoll Rand Inc. [IR] has a Total Debt to Total Equity ratio set at 31.24. Additionally, IR Total Debt to Total Capital is recorded at 23.80, with Total Debt to Total Assets ending up at 19.45. Long-Term Debt to Equity for the company is recorded at 30.41, with the Long-Term Debt to Total Capital now at 23.17.
Reflecting on the efficiency of the workforce at the company, Ingersoll Rand Inc. [IR] managed to generate an average of $34,676 per employee. Receivables Turnover for the company is 5.71 with a Total Asset Turnover recorded at a value of 0.40.Ingersoll Rand Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.40.
Ingersoll Rand Inc. [IR]: An earnings per share (EPS) analysis
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 11.40%.
An analysis of insider ownership at Ingersoll Rand Inc. [IR]
There are presently around $22,169 million, or 99.03% of IR stock, in the hands of institutional investors. The top three institutional holders of IR stocks are: T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with ownership of 50,820,205, which is approximately -19.994% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 45,406,196 shares of the stock with an approximate value of $2.54 billion in IR stocks shares; and BLACKROCK INC., currently with $1.8 billion in IR stock with ownership of nearly -0.939% of the company’s market capitalization.
Positions in Ingersoll Rand Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 353 institutional holders increased their position in Ingersoll Rand Inc. [NYSE:IR] by around 21,344,623 shares. Additionally, 225 investors decreased positions by around 35,649,132 shares, while 129 investors held positions by with 339,159,012 shares. The mentioned changes placed institutional holdings at 396,152,767 shares, according to the latest SEC report filing. IR stock had 130 new institutional investments in for a total of 6,575,380 shares, while 43 institutional investors sold positions of 2,249,115 shares during the same period.