Ingersoll-Rand Inc (IR) concluded trading on Wednesday at a closing price of $95.75, with 3.51 million shares of worth about $336.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.88% during that period and on July 24, 2024 the price saw a loss of about -4.49%. 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 -2.32% in past 5 days and over the past one month there was a price change of 3.05%. Year-to-date (YTD), IR shares are showing a performance of 23.80% which increased to 46.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $59.20 but also hit the highest price of $101.30 during that period. The average intraday trading volume for Ingersoll-Rand Inc shares is 2.83 million. The stock is currently trading 1.48% above its 20-day simple moving average (SMA20), while that difference is up 2.76% for SMA50 and it goes to 15.00% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ingersoll-Rand Inc (NYSE: IR) currently have 403.35M outstanding shares and institutions hold larger chunk of about 97.88% of that.
The stock has a current market capitalization of $38.63B and its 3Y-monthly beta is at 1.45. PE ratio of stock for trailing 12 months is 47.68, while it has posted earnings per share of $2.01 in the same period. Its PEG reads 5.23 and has Quick Ratio of 1.71 while making debt-to-equity ratio of 0.28. 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 2.70% while standing at 2.21% over the month.
Stock’s fiscal year EPS is expected to rise by 11.59% while it is estimated to increase by 9.88% in next year. EPS is likely to grow at an annualized rate of 9.12% 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 Jefferies on June 21, 2024 offering a Buy rating for the stock and assigned a target price of $110 to it. Coverage by Exane BNP Paribas stated Ingersoll-Rand Inc (IR) stock as a Neutral in their note to investors on March 12, 2024, suggesting a price target of $92 for the stock. On February 20, 2024, Evercore ISI Downgrade their recommendations, while on October 24, 2023, Stifel Upgrade their ratings for the stock with a price target of $73. Stock get an Outperform rating from Evercore ISI on May 09, 2023.
