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Wells Fargo Reaffirms Their Buy Rating on Ingersoll Rand (IR)

Tipranks - Tipranks - Mon Jun 8, 9:32AM CDT

In a report released on June 5, Joe O’Dea from Wells Fargo maintained a Buy rating on Ingersoll Rand, with a price target of $88.00. The company’s shares closed last Friday at $72.25.

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O’Dea covers the Industrials sector, focusing on stocks such as Dover, Parker Hannifin, and 3M. According to TipRanks, O’Dea has an average return of 10.4% and a 58.78% success rate on recommended stocks.

Ingersoll Rand has an analyst consensus of Moderate Buy, with a price target consensus of $92.50.

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Based on Ingersoll Rand’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.85 billion and a net profit of $192.1 million. In comparison, last year the company earned a revenue of $1.72 billion and had a net profit of $186.5 million

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