Ingersoll Rand (NYSE:IR) Price Target Lowered to $91.00 at Evercore ISI

Ingersoll Rand (NYSE:IR) had its price objective reduced by Evercore ISI from $100.00 to $91.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “in-line” rating on the industrial products company’s stock. Evercore ISI’s price target would suggest a potential upside of 5.03% from the stock’s current price.

IR has been the topic of several other reports. Stifel Nicolaus decreased their target price on shares of Ingersoll Rand from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday. 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 research report on Tuesday. Wells Fargo & Company reduced their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. UBS Group started coverage on Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target for the company. Finally, Citigroup reduced their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average target price of $104.75.

Ingersoll Rand Price Performance

NYSE:IR opened at $86.64 on Wednesday. The stock has a 50 day moving average price of $91.50 and a 200 day moving average price of $94.95. The stock has a market cap of $34.92 billion, a PE ratio of 42.06, a P/E/G ratio of 3.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29. Ingersoll Rand has a one year low of $83.72 and a one year high of $106.03.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Equities research analysts expect that Ingersoll Rand will post 3.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Ingersoll Rand

A number of hedge funds have recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand during the third quarter worth $34,000. Murphy & Mullick Capital Management Corp acquired a new position in Ingersoll Rand during the 4th quarter worth $36,000. OFI Invest Asset Management purchased a new stake in Ingersoll Rand during the 4th quarter worth about $38,000. Eastern Bank acquired a new stake in Ingersoll Rand in the 3rd quarter valued at about $42,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Ingersoll Rand in the 4th quarter valued at about $42,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingersoll Rand

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.