Ingersoll-Rand Inc [NYSE: IR] price plunged by -3.24 percent to reach at -$3.01.
The one-year IR stock forecast points to a potential upside of 11.68. The average equity rating for IR stock is currently 2.12, trading closer to a bullish pattern in the stock market.
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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 $101.80 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 2.12. 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 June 21, 2024. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Neutral. The new note on the price target was released on March 12, 2024, representing the official price target for Ingersoll-Rand Inc stock. Previously, the target price had yet another raise from $81 to $89, while Evercore ISI kept a In-line rating on IR stock.
The Average True Range (ATR) for Ingersoll-Rand Inc is set at 2.38, with the Price to Sales ratio for IR stock in the period of the last 12 months amounting to 5.24. The Price to Book ratio for the last quarter was 3.68, with the Price to Cash per share for the same quarter was set at 3.60. Price to Free Cash Flow for IR in the course of the last twelve months was 29.65 with Quick ratio for the last quarter at 1.71.
IR Stock Performance Analysis:
Ingersoll-Rand Inc [IR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.63. With this latest performance, IR shares dropped by -5.46% in over the last four-week period, additionally plugging by 18.61% over the last 6 months – not to mention a rise of 41.88% 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 43.99, with the RSI for the last a single of trading hit 40.16, and the three-weeks RSI is set at 46.02 for Ingersoll-Rand Inc [IR]. The present Moving Average for the last 50 days of trading for this stock 91.74, while it was recorded at 92.70 for the last single week of trading, and 80.47 for the last 200 days.
Insight into Ingersoll-Rand Inc Fundamentals:
Ingersoll-Rand Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.71 and a Current Ratio set at 2.32.
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 9.12%.
Ingersoll-Rand Inc [IR] Institutonal Ownership Details
The top three institutional holders of IR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in IR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in IR stock with ownership which is approximately 5.8386%.
