Ingersoll-Rand PLC Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:IR)
Ingersoll-Rand PLC (NYSE:IR) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, Analyst Ratings Network reports. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $66.75.
Several analysts have recently commented on the stock. Analysts at Susquehanna initiated coverage on shares of Ingersoll-Rand PLC in a research note on Tuesday. They set a “neutral” rating and a $70.00 price target on the stock. Separately, 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. Finally, 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.
Ingersoll-Rand PLC (NYSE:IR) traded up 0.29% on Tuesday, hitting $63.2925. 364,891 shares of the company’s stock traded hands. 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 $17.083 billion and a P/E ratio of 30.40.
Ingersoll-Rand PLC (NYSE:IR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.29 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.42 earnings per share. Ingersoll-Rand PLC’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Ingersoll-Rand PLC will post $3.22 earnings per share 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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