Ingersoll-Rand (NYSE: IR)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Friday.
The analysts wrote, “Ingersoll-Rand (IR) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+ . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
IR has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Ingersoll-Rand from $57.00 to $59.00 in a research note to investors on Tuesday, February 19th. Separately, analysts at Barclays Capital raised their price target on shares of Ingersoll-Rand from $43.00 to $47.00 in a research note to investors on Monday, February 4th. They now have an “equal weight” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Ingersoll-Rand to $65.00 in a research note to investors on Monday, February 4th.
Seven research analysts have rated the stock with a buy rating, two have assigned an overweight rating, twelve have given a hold rating, and one has given an underweight rating to the company. The stock has an average rating of “overweight” and a consensus target price of $57.44.
Ingersoll-Rand traded down 0.85% on Friday, hitting $52.20. Ingersoll-Rand has a 1-year low of $37.34 and a 1-year high of $53.90. The stock’s 50-day moving average is currently $51.73. The company has a market cap of $15.468 billion and a price-to-earnings ratio of 16.04.
Ingersoll-Rand last released its earnings data on Friday, February 1st. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the company posted $0.76 earnings per share. Ingersoll-Rand’s revenue was down 1.0% compared to the same quarter last year. Ingersoll-Rand has set its Q1 guidance at $0.35-0.40 EPS and its FY13 guidance at $3.45-3.65 EPS. On average, analysts predict that Ingersoll-Rand will post $3.61 earnings per share for the current fiscal year.
Ingersoll-Rand plc (IR-Ireland) is a diversified, global company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties.
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