Nomura Reaffirms Neutral Rating on Ingersoll-Rand (IR)
Ingersoll-Rand opened at 42.67 on Thursday. Ingersoll-Rand has a 1-year low of $25.86 and a 1-year high of $50.05. The company has a market cap of $12.747 billion and a price-to-earnings ratio of 27.61.
Ingersoll-Rand last released its earnings data on Friday, April 20th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Analysts expect that Ingersoll-Rand will post $0.96 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital (NYSE: RY) initiated coverage on shares of Ingersoll-Rand in a research note to investors on Thursday. They set a “sector perform” rating on the stock. Separately, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Ingersoll-Rand from $46.00 to $50.00 in a research note to investors on Thursday, May 10th. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Ingersoll-Rand in a research note to investors on Tuesday, April 24th.
Ingersoll-Rand plc (IR-Ireland) is a diversified company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, and secure homes and commercial properties.