Wells Fargo Sticks to Their Buy Rating for Ingersoll Rand (IR)
Wells Fargo analyst Joe O’Dea maintained a Buy rating on Ingersoll Rand today and set a price target of $92.00.
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According to TipRanks, O’Dea is a 5-star analyst with an average return of 11.2% and a 63.87% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Dover, Hubbell B, and Carrier Global.
Ingersoll Rand has an analyst consensus of Moderate Buy, with a price target consensus of $90.50.
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. Last 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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