Short Term Price Target on Ingersoll-Rand plc (Ireland) (IR)

Ingersoll-Rand plc (Ireland) (NYSE:IR) : The highest level Ingersoll-Rand plc (Ireland) (NYSE:IR) is projected to reach is $77 for the short term and the lowest estimate is at $60. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $72.46 and the possibility the share price can swing is $4.95.

Ingersoll-Rand Plc has lost 3.94% in the last five trading days and dropped 3.77% in the last 4 weeks. Ingersoll-Rand Plc is up 3.08% in the last 3-month period. Year-to-Date the stock performance stands at 16.39%. Also, Brokerage firm Citigroup maintains its rating on Ingersoll-Rand plc (Ireland) (NYSE:IR). As per the latest information, the brokerage house raises the price target to $72 per share from a prior target of $60. The shares have been rated Buy. The rating by the firm was issued on April 19, 2016.

Ingersoll-Rand plc (Ireland) (NYSE:IR) has an average broker rating of 1.96, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Ingersoll-Rand plc (Ireland) (NYSE:IR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.03 and $61.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.68, notching a gain of 2.98% for the day. The total traded volume was 2,963,135 . The stock had closed at $61.84 on the previous day.

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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