Ingersoll-Rand Plc (NYSE:IR)‘s stock had its “buy” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, AR Network reports. They currently have a $72.00 price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 12.04% from the stock’s previous close.
IR has been the subject of a number of other recent research reports. Analysts at Barclays Capital raised their price target on shares of Ingersoll-Rand Plc from $55.00 to $60.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Ingersoll-Rand Plc from $66.00 to $73.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Ingersoll-Rand Plc from $66.00 to $72.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $64.62.
Shares of Ingersoll-Rand Plc (NYSE:IR) traded down 2.77% on Monday, hitting $64.26. The stock had a trading volume of 1,362,505 shares. Ingersoll-Rand Plc has a 52 week low of $43.85 and a 52 week high of $66.62. The stock’s 50-day moving average is $63.10 and its 200-day moving average is $58.61. The company has a market cap of $18.701 billion and a P/E ratio of 20.87.
Ingersoll-Rand Plc (NYSE:IR) last issued its quarterly earnings data on Friday, July 19th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.06. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, October 30th.
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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