Ingersoll-Rand plc (Ireland) (NYSE:IR) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.96 by 12 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Citigroup maintains its outlook on Ingersoll-Rand plc (Ireland) (NYSE:IR). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $60 per share to $72 per share. The rating by the firm was issued on April 19, 2016.
Ingersoll-Rand plc (Ireland) (NYSE:IR): The mean estimate for the short term price target for Ingersoll-Rand plc (Ireland) (NYSE:IR) stands at $72.46 according to 11 Analysts. The higher price target estimate for the stock has been calculated at $77 while the lower price target estimate is at $60.
Ingersoll-Rand plc (Ireland) (NYSE:IR) witnessed a decline in the market cap on Tuesday as its shares dropped 0.86% or 0.57 points. After the session commenced at $65.93, the stock reached the higher end at $66.1 while it hit a low of $65.36. With the volume soaring to 1,109,647 shares, the last trade was called at $65.4. The company has a 52-week high of $69.45. The company has a market cap of $16,838 million and there are 257,463,750 shares in outstanding. The 52-week low of the share price is $47.082.
Shares of Ingersoll-Rand Plc rose by 2.73% in the last five trading days and 2.37% for the last 4 weeks. Ingersoll-Rand Plc is up 6.74% in the last 3-month period. Year-to-Date the stock performance stands at 19.53%.
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.