Brokerages Set Ingersoll Rand Inc. (NYSE:IR) Target Price at $105.92

Ingersoll Rand Inc. (NYSE:IR) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $105.92.

A number of analysts have commented on the company. Robert W. Baird reduced their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. UBS Group began coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upped their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th.

Ingersoll Rand Trading Down 0.0 %

Shares of IR stock opened at $92.14 on Friday. Ingersoll Rand has a 1 year low of $83.72 and a 1 year high of $106.03. The firm has a fifty day moving average price of $93.78 and a 200-day moving average price of $95.36. The company has a market cap of $37.13 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 3.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in shares of Ingersoll Rand in the 3rd quarter worth $34,000. Eastern Bank bought a new position in shares of Ingersoll Rand in the 3rd quarter valued at about $42,000. OFI Invest Asset Management bought a new stake in Ingersoll Rand during the fourth quarter worth approximately $38,000. Lee Danner & Bass Inc. purchased a new stake in Ingersoll Rand during the fourth quarter valued at approximately $42,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Ingersoll Rand in the 4th quarter valued at approximately $50,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

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.