Stifel Nicolaus Lowers Ingersoll Rand (NYSE:IR) Price Target to $77.00

Ingersoll Rand (NYSE:IR) had its price objective cut by equities research analysts at Stifel Nicolaus from $94.00 to $77.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 4.46% from the stock’s current price.

A number of other equities analysts also recently commented on IR. Robert W. Baird increased their price objective on Ingersoll Rand from $105.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Wells Fargo & Company cut their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Evercore ISI decreased their price target on Ingersoll Rand from $100.00 to $91.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Barclays reduced their target price on Ingersoll Rand from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Citigroup lowered their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.82.

Ingersoll Rand Stock Up 1.0 %

IR stock traded up $0.71 during midday trading on Monday, reaching $73.71. The company had a trading volume of 191,182 shares, compared to its average volume of 2,855,812. The company has a 50 day moving average of $81.94 and a two-hundred day moving average of $91.93. The company has a market capitalization of $29.71 billion, a P/E ratio of 35.78, a PEG ratio of 3.50 and a beta of 1.40. Ingersoll Rand has a 1 year low of $65.61 and a 1 year high of $106.03. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities research analysts expect that Ingersoll Rand will post 3.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ingersoll Rand

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $864,000. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Ingersoll Rand by 11.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 3,043 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 309 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Ingersoll Rand by 100.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 22,223 shares of the industrial products company’s stock valued at $2,311,000 after acquiring an additional 11,124 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Ingersoll Rand in the third quarter valued at about $562,000. Finally, Franklin Resources Inc. raised its position in Ingersoll Rand by 2.5% in the third quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock worth $1,207,554,000 after purchasing an additional 278,710 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

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.