Buckingham Research Upgrades Ingersoll-Rand PLC to Buy with Price Target $71.00

Brokerage firm Buckingham Research Upgrades its rating on Ingersoll-Rand PLC(NYSE:IR). In a research note issued to the investors, the brokerage major Raises the price-target to $71.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Buckingham Research was issued on Apr 14, 2016.

In a different note, On Apr 4, 2016, CLSA said it Downgrades its rating on Ingersoll-Rand PLC. The shares have been rated ‘Outperform’ by the firm. On Apr 1, 2016, Goldman Sachs said it Downgrades its rating on Ingersoll-Rand PLC. The shares have been rated ‘Neutral’ by the firm. On Mar 28, 2016, Goldman Sachs said it Downgrades its rating on Ingersoll-Rand PLC. In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 7, 2016, Nomura said it Upgrades its rating on Ingersoll-Rand PLC. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 11, 2016, Stifel Nicolaus said it Maintains its rating on Ingersoll-Rand PLC. In the research note, the firm Lowers the price-target to $62.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 10, 2016, Nomura said it Maintains its rating on Ingersoll-Rand PLC. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Neutral’ by the firm.

Ingersoll-Rand PLC (IR) made into the market gainers list on Mondays trading session with the shares advancing 0.20% or 0.13 points. Due to strong positive momentum, the stock ended at $63.9, which is also near the day’s high of $64.0898. The stock began the session at $63.41 and the volume stood at 10,98,917 shares. The 52-week high of the shares is $70.93 and the 52 week low is $47.082. The company has a current market capitalization of $16,413 M and it has 25,68,47,950 shares in outstanding.

Ingersoll-Rand PLC(IR) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $3.33B. Analysts had an estimated revenue of $3.30B. Earnings per share were $0.94. Analysts had estimated an EPS of $0.93.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Michael W Lamach (Chairman and CEO) sold 185,559 shares at $60.00 per share price.Also, On Mar 3, 2016, Marcia J Avedon (Senior Vice President) sold 11,360 shares at $56.62 per share price.On Feb 24, 2016, Robert Zafari (EVP, Industrial Segment) sold 2,000 shares at $53.16 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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