Ingersoll Rand (NYSE:IR) Price Target Cut to $94.00 by Analysts at Stifel Nicolaus

Ingersoll Rand (NYSE:IR) had its target price cut by equities research analysts at Stifel Nicolaus from $100.00 to $94.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 9.56% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. UBS Group initiated coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. Wells Fargo & Company lowered their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Barclays cut their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group upped their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup dropped their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.42.

Ingersoll Rand Trading Down 7.3 %

Shares of IR opened at $85.79 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. Ingersoll Rand has a fifty-two week low of $83.72 and a fifty-two week high of $106.03. The firm has a 50 day moving average price of $92.41 and a 200-day moving average price of $95.08. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 3.66 and a beta of 1.43.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results 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). The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.72% and a return on equity of 13.01%. As a group, equities research analysts forecast that Ingersoll Rand will post 3.2 earnings per share for the current year.

Hedge Funds Weigh In On Ingersoll Rand

A number of hedge funds have recently bought and sold shares of the company. Voloridge Investment Management LLC bought a new stake in Ingersoll Rand during the 4th quarter valued at about $7,764,000. Vident Advisory LLC grew its holdings in shares of Ingersoll Rand by 10.0% during the fourth quarter. Vident Advisory LLC now owns 9,999 shares of the industrial products company’s stock valued at $905,000 after buying an additional 910 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Ingersoll Rand by 152.8% during the fourth quarter. Squarepoint Ops LLC now owns 259,215 shares of the industrial products company’s stock valued at $23,449,000 after acquiring an additional 156,665 shares in the last quarter. Twinbeech Capital LP bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $20,756,000. Finally, Teza Capital Management LLC purchased a new position in Ingersoll Rand in the 4th quarter worth approximately $907,000. Institutional investors own 95.27% of the company’s stock.

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.