Ingersoll-Rand Plc Sets New 1-Year High at $68.33 (IR)
Ingersoll-Rand Plc (NYSE:IR) set a new 52-week high during trading on Friday, Analyst Ratings Network reports. The stock traded as high as $68.33 and last traded at $66.99, with a volume of 4,802,675 shares. The stock had previously closed at $63.52.
A number of analysts have recently weighed in on IR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Ingersoll-Rand Plc in a research note to investors on Tuesday, October 8th. They now have a $67.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ingersoll-Rand Plc in a research note to investors on Monday, October 7th. They now have a $72.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Ingersoll-Rand Plc from $55.00 to $60.00 in a research note to investors on Monday, October 7th. They now have an “equal weight” rating on the stock. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $64.79.
Ingersoll-Rand Plc has a 1-year low of $44.65 and a 1-year high of $66.62. The stock’s 50-day moving average is $63.82 and its 200-day moving average is $59.05. The company has a market cap of $19.449 billion and a P/E ratio of 20.06.
Ingersoll-Rand Plc (NYSE:IR) last released its earnings data on Friday, October 18th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.06. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Ingersoll-Rand Plc will post $3.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. The ex-dividend date 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.
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