Ingersoll-Rand Plc Price Target Raised to $60.00 at Barclays Capital (IR)
Barclays Capital raised their price target on shares of Ingersoll-Rand Plc (NYSE:IR) from $55.00 to $60.00 in a research note issued on Monday, Analyst RN reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price objective points to a potential downside of 6.63% from the company’s current price.
IR has been the subject of a number of other recent research reports. Analysts at MKM Partners raised their price target on shares of Ingersoll-Rand Plc from $66.00 to $73.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Ingersoll-Rand Plc from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, September 11th. They now have a $72.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Ingersoll-Rand Plc from $66.00 to $72.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $64.62.
Ingersoll-Rand Plc (NYSE:IR) traded down 2.77% during mid-day trading on Monday, hitting $64.26. The stock had a trading volume of 1,362,505 shares. Ingersoll-Rand Plc has a one year low of $43.85 and a one year high of $66.62. The stock’s 50-day moving average is $63.10 and its 200-day moving average is $58.61. The company has a market cap of $18.701 billion and a price-to-earnings ratio of 20.87.
Ingersoll-Rand Plc (NYSE:IR) last issued its quarterly earnings data on Friday, July 19th. The company reported $1.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.06. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the company posted $1.15 earnings per share. Ingersoll-Rand Plc’s revenue was up 2.9% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, October 30th.
Ingersoll-Rand plc (NYSE:IR) is a diversified, global company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.