Ingersoll Rand (IR) Receives a Rating Update from a Top Analyst
In a report released yesterday, Nathan Jones from Stifel Nicolaus maintained a Hold rating on Ingersoll Rand, with a price target of $81.00. The company’s shares closed yesterday at $80.65.
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According to TipRanks, Jones is a top 100 analyst with an average return of 21.8% and a 73.71% success rate. Jones covers the Industrials sector, focusing on stocks such as Parker Hannifin, Curtiss-Wright, and ITT.
Currently, the analyst consensus on Ingersoll Rand is a Moderate Buy with an average price target of $89.67, which is an 11.18% upside from current levels. In a report released on December 19, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $86.00 price target.
Based on Ingersoll Rand’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.96 billion and a net profit of $244.1 million. In comparison, last year the company earned a revenue of $1.86 billion and had a net profit of $221.6 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IR in relation to earlier this year. Earlier this month, Michael J Scheske, the VP & CAO of IR sold 1,477.00 shares for a total of $119,075.74.
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