Ingersoll Rand Inc. (NYSE:IR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ingersoll Rand Inc. (NYSE:IR) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $105.92.

IR has been the topic of a number of analyst reports. Barclays dropped their price target on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup lowered their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Stifel Nicolaus cut their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Robert W. Baird decreased their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, UBS Group assumed coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target on the stock.

Institutional Investors Weigh In On Ingersoll Rand

Several hedge funds and other institutional investors have recently made changes to their positions in IR. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter worth approximately $34,000. Eastern Bank acquired a new position in Ingersoll Rand during the third quarter worth $42,000. UMB Bank n.a. boosted its position in shares of Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after buying an additional 127 shares during the period. Versant Capital Management Inc grew its stake in shares of Ingersoll Rand by 654.4% in the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after buying an additional 589 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Ingersoll Rand during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.3 %

Shares of Ingersoll Rand stock opened at $92.18 on Friday. Ingersoll Rand has a 1 year low of $83.38 and a 1 year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The company has a 50-day moving average of $94.54 and a 200 day moving average of $95.52. The firm has a market cap of $37.15 billion, a price-to-earnings ratio of 44.97, a PEG ratio of 3.72 and a beta of 1.43.

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.