Ingersoll-Rand Inc (IR) concluded trading on Wednesday at a closing price of $99.94, with 3.39 million shares of worth about $339.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.01% during that period and on October 02, 2024 the price saw a gain of about 1.98%. Currently the company’s common shares owned by public are about 403.35M shares, out of which, 402.66M shares are available for trading.
Stock saw a price change of 5.17% in past 5 days and over the past one month there was a price change of 13.14%. Year-to-date (YTD), IR shares are showing a performance of 29.22% which increased to 57.14% 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 2.39 million. The stock is currently trading 7.35% above its 20-day simple moving average (SMA20), while that difference is up 8.14% for SMA50 and it goes to 11.70% 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 99.45% of that.
The stock has a current market capitalization of $40.32B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 49.41, while it has posted earnings per share of $2.02 in the same period. Its PEG reads 5.25 and has Quick Ratio of 1.52 while making debt-to-equity ratio of 0.48. 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 2.53% while standing at 2.52% over the month.
Stock’s fiscal year EPS is expected to rise by 12.44% while it is estimated to increase by 8.71% in next year. EPS is likely to grow at an annualized rate of 9.41% 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 Morgan Stanley on September 06, 2024 offering an Equal-weight rating for the stock and assigned a target price of $97 to it. Coverage by Jefferies stated Ingersoll-Rand Inc (IR) stock as a Buy in their note to investors on June 21, 2024, suggesting a price target of $110 for the stock. On March 12, 2024, Exane BNP Paribas Initiated their recommendations, while on February 20, 2024, Evercore ISI Downgrade their ratings for the stock with a price target of $89. Stock get a Buy rating from Stifel on October 24, 2023.
