Ingersoll-Rand Plc Price Target Lowered to $65.00 at Robert W. Baird (IR)
Stock analysts at Robert W. Baird reduced their target price on shares of Ingersoll-Rand Plc (NYSE:IR) from $72.00 to $65.00 in a report issued on Friday, ARN reports. Robert W. Baird’s target price points to a potential upside of 6.14% from the company’s current price.
Shares of Ingersoll-Rand Plc (NYSE:IR) opened at 61.24 on Friday. Ingersoll-Rand Plc has a 52 week low of $38.3866 and a 52 week high of $61.97. The stock’s 50-day moving average is $57.32 and its 200-day moving average is $51.54. The company has a market cap of $17.642 billion and a P/E ratio of 22.91.
Ingersoll-Rand Plc (NYSE:IR) last released its earnings data on Friday, October 18th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.07 earnings per share. Ingersoll-Rand Plc’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Ingersoll-Rand Plc will post $2.70 EPS for the current fiscal year.
IR has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Ingersoll-Rand Plc from $71.00 to $63.00 in a research note to investors on Friday, December 20th. Separately, analysts at MKM Partners downgraded shares of Ingersoll-Rand Plc from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $58.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Ingersoll-Rand Plc from $74.00 to $64.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Ingersoll-Rand Plc has a consensus rating of “Hold” and an average price target of $67.92.
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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