Share on StockTwits

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.

The Fly On The Wall

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.