Ingersoll Rand (IR) Projected to Post Earnings on Thursday

Ingersoll Rand (NYSE:IR) is anticipated to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Ingersoll Rand to post earnings of $0.85 per share and revenue of $1.91 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Ingersoll Rand Stock Down 0.0 %

Shares of IR opened at $92.14 on Wednesday. The firm has a market cap of $37.13 billion, a P/E ratio of 44.95, a P/E/G ratio of 3.66 and a beta of 1.43. Ingersoll Rand has a 1 year low of $83.72 and a 1 year high of $106.03. The stock has a 50 day simple moving average of $93.78 and a two-hundred day simple moving average of $95.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71.

Analysts Set New Price Targets

A number of brokerages recently commented on IR. Stifel Nicolaus decreased their target price on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a report on Friday, January 24th. UBS Group assumed coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays lowered their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird decreased their target price 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. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.92.

About Ingersoll Rand

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.