Analyzing Stock On Your Own: Ingersoll-Rand Inc (NYSE: IR)

Ingersoll-Rand Inc (NYSE:IR) does about 2.70M shares in volume on a normal day but saw 2296580 shares change hands in Monday trading. The company now has a market cap of 36.79B USD. Its current market price is $91.19, marking an increase of 2.31% compared to the previous close of $89.13. The 52 week high reached by this stock is $96.67 whilst the lowest price level in 52 weeks is $59.20.

Ingersoll-Rand Inc (IR) has a 20-day trading average at $92.07 and the current price is -5.67% off the 52-week high compared with 54.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $91.81 and its 200-day simple moving average is $79.29. If we look at the stock’s price movements over the week, volatility stands at 2.73%, which decreases to 2.14% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.30 to suggest the stock is neutral.

The consensus objective for the share price is $101.12, suggesting that the stock has a potential upside of 9.82% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 12, 2024 when Exane BNP Paribas initiated the stock to “Neutral” and issued a price target of $92. Evercore ISI downgraded the stock to “In-line” from Outperform on February 20, 2024 at a price target of $81-$89. Stifel upgraded its price target at $73.

Ingersoll-Rand Inc (IR) stock is up 1.28% over the week and 0.21% over the past month. Its price is 17.91% year-to-date and 45.30% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 0.68 above consensus estimates by 0.08. The company’s next earnings report forecasts estimating quarterly EPS at 0.78 and 3.28 for whole year. Expected sales for next quarter are $1.86B, which analysts say will come at $7.25B for the current fiscal year and next year at $7.67B. In addition, estimates put the company’s current quarterly revenue at an average of $1.77B.

To reach the target analysts have set, the stock logically needs to grow 9.82 percent from here.

The company has a return on investment of 6.54% and return on equity of 8.55%. The price to earnings ratio (P/E ratio) amounts to 45.41 while the forward price to earnings ratio is 25.39. The beta has a value of 1.46. Price to book ratio is 3.74 and price to sales ratio is 5.32.