Ingersoll-Rand plc (Ireland) (IR) has risen sharply, recording gains of 3.52% in the past 4 weeks. However, the stock has corrected -2.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.06% and the 50-Day Moving Average is 1.44%. Ingersoll-Rand Plc is up 1.59% in the last 3-month period. Year-to-Date the stock performance stands at 21.1%.
Ingersoll-Rand plc (Ireland) (NYSE:IR): On Fridays trading session , Opening price of the stock was $66.4 with an intraday high of $66.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $66.195. However, the stock managed to close at $66.26, a loss of 0.30% for the day. On the previous day, the stock had closed at $66.46. The total traded volume of the day was 2,445,376 shares.
Also, Equity analysts at the Brokerage firm Stifel Nicolaus maintains its rating on Ingersoll-Rand plc (Ireland) (NYSE:IR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Stifel Nicolaus lowers the price target from $77 per share to $75 per share. The rating by the firm was issued on July 28, 2016.
Ingersoll-Rand Public Limited Company (IR-Ireland) is a diversified, global company that provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company is also engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products. The Company focuses on parts, service, used equipment and rentals. Its business segments consist of Climate and Industrial. The Climate segment includes Trane and American Standard Heating and Air Conditioning, which provides heating, ventilation and air conditioning (HVAC) systems; commercial and residential building services, parts, support and controls, and Thermo King transport temperature control solutions. The Industrial segment includes Ingersoll Rand compressed air systems and services, power tools, material handling systems, ARO fluid management equipment, Club Car golf, utility and rough terrain vehicles.