Ingersoll Rand Inc. (NYSE:IR) finished Thursday with an addition of $0.53 to close at $51.70, an upside of 1.04 percent. An average of 1,971,060 shares of common stock have been traded in the last five days. There was a gain of $1.29 in the past week. The last 20 days have seen an average of 2,809,880 shares traded, while the 50-day average volume stands at 2,856,794.
IR stock has decreased by -1.93% in the last month. The company shares reached their 1-month lowest point of $50.02 on 10/01/21. With the stock rallying to its 52-week high on 09/13/21, shares of the company touched a low of $34.37 and a high of $55.62 in 52 weeks. In spite of this, the price is down -7.05% from the 52-week high.
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28 days have passed since Ingersoll Rand Inc. (IR) last reported insider trading activity. Reynal Vicente, who is See Remarks, most recently acquired $30,000 shares at $55.00 per share on Sep 10. In this transaction, the insider spent $1,650,000. See Remarks, Gillespie Gary E, disposed of 54,975 shares at a price of $52.88 on Aug 27. The insider now owns more than $2,906,803 worth of shares. Prior to that, See Remarks Abbaszadeh Sia went on to Sale 45,000 shares at $50.89 each on Aug 05. An amount of $2,289,915 was transacted.
Ingersoll Rand Inc. (IR) has a trailing price-to-earnings (P/E) ratio of 53.41, which compares with the 20.30 for the broader industry and 28.71 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Ingersoll Rand Inc.’s PE ratio has ranged between 181.37 and 12.37. The stock’s beta is 1.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.10, the price-to-book (PB) ratio at 2.34, and the price-to-cash flow ratio at 26.55.
The company has a payout ratio of 0.00%. The company’s most recent quarterly dividend payment was $0.53 a share, without any change from last year.
The quick ratio of Ingersoll Rand Inc. for the three months ended June 29 was 2.70, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.42 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 37.60% against a 5-year average of 36.5%. Ingersoll Rand Inc.’s EBITDA margin for the year ending June 29 is 16.75%, while its operating margin for the same period stands at 8.90%. Its gross profit as reported stood at $1.61 billion compared to revenue of $4.91 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ingersoll Rand Inc.’s return on assets was 0.80%, compared to 1.7% over the last five years. In the past year, the return on investment has been 0.50%, and the 5-year average is 4.5%. Meanwhile, the return on equity (ROE) for the past 12 months has been 1.40% and the 5-year average holds at 3.3%. For the broader industry, ROE averaged 7.02 over the past year.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.28 billion in the quarter, while revenues of $1.37 billion were grew 1.15%. The analyst consensus anticipated Ingersoll Rand Inc.’s latest quarter earnings to come in at $0.42 per share, but it turned out to be $0.46, a 9.50% surprise. For the recent quarter, EBITDA amounted to $228.9 million. Shareholders own equity worth $420.15 million.
From a technical analysis perspective, let’s take a brief look at Ingersoll Rand Inc. (IR) price momentum. RSI 9-day as of the close on 07 October was 46.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.93%.
As of today, IR’s price is $51.14 +2.56% or $1.29 from its 5-day moving average. IR is currently trading -4.06% lower than its 20-day SMA and +6.03% higher than its 100-day SMA. However, the stock’s current price level is +8.91% above the SMA50 and +13.23% above the SMA200.
The stochastic %K and %D were 27.67% and 21.99%, respectively, and the average true range (ATR) was 1.22. With the 14-day stochastic at 35.59% and the average true range at 1.23, the RSI (14) stands at 47.33%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.67.
The consensus rating for Ingersoll Rand Inc. (IR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IR, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
What is IR’s price target for the next 12 months?
Analysts predict a range of price targets between $52.00 and $65.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Ingersoll Rand Inc. (IR) stock is $59.60.