Ingersoll Rand (IR) Gets a Buy from Citi
In a report released today, Andrew Kaplowitz from Citi maintained a Buy rating on Ingersoll Rand, with a price target of $98.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Kaplowitz is a top 100 analyst with an average return of 23.3% and a 69.72% success rate. Kaplowitz covers the Industrials sector, focusing on stocks such as Parker Hannifin, Mirion Technologies, and Ingersoll Rand.
In addition to Citi, Ingersoll Rand also received a Buy from Wells Fargo’s Joe O’Dea in a report issued on January 7. However, on December 30, Stifel Nicolaus maintained a Hold rating on Ingersoll Rand (NYSE: IR).
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.
Read More on IR:
