Ingersoll-Rand PLC Now Covered by Susquehanna (IR)
Research analysts at Susquehanna assumed coverage on shares of Ingersoll-Rand PLC (NYSE:IR) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 63.03 on Tuesday. Ingersoll-Rand PLC has a one year low of $42.6438 and a one year high of $64.11. The stock has a 50-day moving average of $60.1 and a 200-day moving average of $59.27. The company has a market cap of $17.012 billion and a price-to-earnings ratio of 30.40.
Ingersoll-Rand PLC (NYSE:IR) last released its earnings data on Wednesday, April 23rd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.03. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Ingersoll-Rand PLC will post $3.22 EPS for the current fiscal year.
IR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Ingersoll-Rand PLC in a research note on Monday, April 28th. They now have a $62.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ingersoll-Rand PLC in a research note on Thursday, April 24th. They now have a $62.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Ingersoll-Rand PLC in a research note on Thursday, April 24th. They now have a $64.00 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. Ingersoll-Rand PLC presently has a consensus rating of “Hold” and an average price target of $66.53.
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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