Equities research analysts at UBS AG decreased their price target on shares of Ingersoll-Rand Plc (NYSE:IR) from $74.00 to $64.00 in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would suggest a potential upside of 15.19% from the stock’s previous close.
A number of other firms have also recently commented on IR. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Ingersoll-Rand Plc in a research note to investors on Monday. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Ingersoll-Rand Plc from $74.00 to $77.00 in a research note to investors on Wednesday, November 20th. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Ingersoll-Rand Plc in a research note to investors on Wednesday, November 13th. They now have a $77.00 price target on the stock, up previously from $73.00. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.54.
Ingersoll-Rand Plc (NYSE:IR) traded up 0.04% during mid-day trading on Tuesday, hitting $55.58. 591,486 shares of the company’s stock traded hands. Ingersoll-Rand Plc has a 52-week low of $37.1486 and a 52-week high of $57.32. The stock’s 50-day moving average is $54.07 and its 200-day moving average is $49.63. The company has a market cap of $16.012 billion and a P/E ratio of 20.66.
Ingersoll-Rand Plc (NYSE:IR) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.06. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Ingersoll-Rand Plc will post $3.61 earnings per share for the current fiscal year.
Ingersoll-Rand plc (NYSE:IR) 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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