Ingersoll-Rand plc (Ireland) (IR) Receives ‘Analyst’ Rating

Ingersoll-Rand plc (Ireland) (IR) : The consensus on Ingersoll-Rand plc (Ireland) (IR) based on 13 analyst recommendation on the company stock is 2.04, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ingersoll-Rand plc (Ireland) (IR) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $60. The average forecast of all the analysts is $74 and the expected standard deviation is $5.2.


Also, Equity Analysts at the KeyBanc downgrades the rating on Ingersoll-Rand plc (Ireland) (NYSE:IR). The brokerage firm has issued a Sector Weight rating on the shares. The shares were previously rated Overweight. The rating by the firm was issued on September 9, 2016.

Ingersoll-Rand plc (Ireland) (NYSE:IR): After opening at $63.56, the stock dipped to an intraday low of $63.29 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $63.99 and the buying power remained strong till the end. The stock closed at $63.83 for the day, a gain of 0.16% for the day session. The total traded volume was 2,883,018. The stocks close on the previous trading day was $63.73.

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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