Ingersoll Rand IR underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $99.0, a high estimate of $112.00, and a low estimate of $85.00. Marking an increase of 7.9%, the current average surpasses the previous average price target of $91.75.
Investigating Analyst Ratings: An Elaborate Study
The standing of Ingersoll Rand among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Halloran | Baird | Raises | Outperform | $109.00 | $107.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $112.00 | $105.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $105.00 | $101.00 |
| Nathan Jones | Stifel | Maintains | Buy | $102.00 | $102.00 |
| Andrew Buscaglia | Andrew Buscaglia | Announces | Neutral | $92.00 | - |
| Joe Ritchie | Goldman Sachs | Raises | Buy | $97.00 | $87.00 |
| Joe O'Dea | Wells Fargo | Raises | Overweight | $100.00 | $83.00 |
| David Raso | Evercore ISI Group | Raises | In-Line | $89.00 | $81.00 |
| Jonathan Sakraida | CFRA | Raises | Hold | $85.00 | $68.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ingersoll Rand. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ingersoll Rand compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ingersoll Rand's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ingersoll Rand's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Ingersoll Rand analyst ratings.
Delving into Ingersoll Rand's Background
Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $6.9 billion in revenue in 2023.
Ingersoll Rand's Economic Impact: An Analysis
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Ingersoll Rand faced challenges, resulting in a decline of approximately -8.31% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Ingersoll Rand's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 12.11%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ingersoll Rand's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.06%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Ingersoll Rand's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.3%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Ingersoll Rand's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.28.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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