Ingersoll Rand (NYSE:IR) Stock Price Target Cut by Robert W. Baird

Ingersoll Rand (NYSE:IR) had its price target lowered by analysts at Robert W. Baird from $109.00 to $107.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird‘s price objective would suggest a potential upside of 33.65% from the company’s current price.

Several other brokerages have also issued reports on IR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingersoll Rand in a research note on Monday, October 19th. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research report on Monday, August 10th. Stifel Nicolaus set a $95.00 price target on shares of Ingersoll Rand in a report on Monday. Wall Street Zen cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Ingersoll Rand in a report on Monday, October 12th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

Ingersoll Rand Price Performance

NYSE IR opened at $80.06 on Monday. The company has a market cap of $31.06 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 3.32 and a beta of 1.15. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $76.31 and its two-hundred day simple moving average is $81.25. Ingersoll Rand has a 52 week low of $68.07 and a 52 week high of $100.96.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.17. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Ingersoll Rand had a return on equity of 13.47% and a net margin of 17.20%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Research analysts predict that Ingersoll Rand will post 3.41 earnings per share for the current year.

Institutional Trading of Ingersoll Rand

A number of hedge funds have recently modified their holdings of the business. Bell Investment Advisors Inc purchased a new stake in shares of Ingersoll Rand in the 2nd quarter worth about $26,000. Continuum Advisory LLC purchased a new position in Ingersoll Rand during the 2nd quarter valued at about $27,000. Axiom Investment Management LLC purchased a new position in Ingersoll Rand during the 1st quarter valued at about $37,000. MidFirst Bank bought a new stake in Ingersoll Rand during the second quarter worth about $41,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Ingersoll Rand during the second quarter worth about $42,000. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Company Profile

Ingersoll Rand Inc (NYSE:IR) is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.