Ingersoll-Rand plc (Ireland) (IR) : Traders are bullish on Ingersoll-Rand plc (Ireland) (IR) as it has outperformed the S&P 500 by a wide margin of 1.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.15% in the last 1 week, and is up 3.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ingersoll-Rand plc (Ireland) (NYSE:IR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.97 and $67.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.35, notching a gain of 0.83% for the day. The total traded volume was 1,624,972 . The stock had closed at $67.79 on the previous day.
The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 4.25%. Ingersoll-Rand Plc is up 4.81% in the last 3-month period. Year-to-Date the stock performance stands at 24.92%.
Ingersoll-Rand plc (Ireland) (IR) : The most positive equity analysts on Ingersoll-Rand plc (Ireland) (IR) expects the shares to touch $80, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $73.75 with an expected fluctuation of $5.43 from the mean.
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.