Ingersoll-Rand Plc’s Neutral Rating Reaffirmed at Goldman Sachs Group Inc. (IR)
Ingersoll-Rand Plc (NYSE:IR)‘s stock had its “neutral” rating reaffirmed by stock analysts at Goldman Sachs Group Inc. in a report issued on Monday, AnalystRatingsNetwork reports.
A number of other analysts have also recently weighed in on IR. Analysts at Robert W. Baird cut their price target on shares of Ingersoll-Rand Plc from $72.00 to $65.00 in a research note to investors on Friday, January 3rd. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $67.92.
Ingersoll-Rand Plc (NYSE:IR) traded down 1.47% during mid-day trading on Monday, hitting $61.73. The stock had a trading volume of 2,271,415 shares. Ingersoll-Rand Plc has a 52 week low of $39.2252 and a 52 week high of $62.89. The stock’s 50-day moving average is $58.69 and its 200-day moving average is $52.29. The company has a market cap of $17.784 billion and a P/E ratio of 23.30.
Ingersoll-Rand Plc (NYSE:IR) last issued its quarterly 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 $2.69 EPS for the current fiscal year.
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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