Ingersoll Rand (NYSE:IR) Price Target Lowered to $96.00 at Barclays

Ingersoll Rand (NYSE:IR) had its target price reduced by Barclays from $102.00 to $96.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price objective suggests a potential upside of 13.99% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird raised their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. UBS Group initiated coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Wells Fargo & Company lowered their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.25.

Ingersoll Rand Trading Down 1.2 %

IR opened at $84.22 on Monday. Ingersoll Rand has a one year low of $79.97 and a one year high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. The stock has a market cap of $33.95 billion, a price-to-earnings ratio of 40.86, a P/E/G ratio of 3.50 and a beta of 1.48. The stock’s 50 day moving average price is $89.18 and its 200-day moving average price is $94.54.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. On average, equities analysts forecast that Ingersoll Rand will post 3.32 EPS for the current year.

Institutional Investors Weigh In On Ingersoll Rand

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand in the third quarter worth about $34,000. Murphy & Mullick Capital Management Corp purchased a new stake in Ingersoll Rand in the 4th quarter worth approximately $36,000. OFI Invest Asset Management acquired a new stake in shares of Ingersoll Rand during the 4th quarter worth approximately $38,000. Lee Danner & Bass Inc. purchased a new position in shares of Ingersoll Rand during the 4th quarter valued at approximately $42,000. Finally, Ancora Advisors LLC lifted its stake in shares of Ingersoll Rand by 144.8% in the 4th quarter. Ancora Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 294 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.