Ingersoll-Rand Inc (IR) concluded trading on Wednesday at a closing price of $92.50, with 4.21 million shares of worth about $389.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.96% during that period and on April 24, 2024 the price saw a gain of about 2.13%. Currently the company’s common shares owned by public are about 403.35M shares, out of which, 402.61M shares are available for trading.
Stock saw a price change of 3.27% in past 5 days and over the past one month there was a price change of -2.10%. Year-to-date (YTD), IR shares are showing a performance of 19.60% which increased to 67.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $53.24 but also hit the highest price of $96.17 during that period. The average intraday trading volume for Ingersoll-Rand Inc shares is 2.51 million. The stock is currently trading 0.26% above its 20-day simple moving average (SMA20), while that difference is up 1.49% for SMA50 and it goes to 23.17% higher than SMA200.
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Ingersoll-Rand Inc (NYSE: IR) currently have 403.35M outstanding shares and institutions hold larger chunk of about 96.92% of that.
The stock has a current market capitalization of $37.32B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 48.53, while it has posted earnings per share of $1.91 in the same period. Its PEG reads 5.23 and has Quick Ratio of 1.67 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IR, volatility over the week remained 2.12% while standing at 1.96% over the month.
Analysts are in expectations that Ingersoll-Rand Inc (IR) stock would likely to be making an EPS of $0.69 in the current quarter, while forecast for next quarter EPS is $0.76 and it is $3.54 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.67 which is $0.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.65 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.69% while it is estimated to increase by 10.35% in next year. EPS is likely to grow at an annualized rate of 9.28% for next 5-years, compared to annual growth of 8.12% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on March 12, 2024 offering a Neutral rating for the stock and assigned a target price of $92 to it. Coverage by Evercore ISI stated Ingersoll-Rand Inc (IR) stock as an In-line in their note to investors on February 20, 2024, suggesting a price target of $89 for the stock. On October 24, 2023, Stifel Upgrade their recommendations, while on May 09, 2023, Evercore ISI Upgrade their ratings for the stock with a price target of $71. Stock get a Hold rating from Deutsche Bank on August 05, 2022.
