Ingersoll Rand Inc. (NYSE:IR) finished Wednesday with a subtraction of -$0.24 to close at $67.90, a downside of -0.35 percent. An average of 2,103,805 shares of common stock have been traded in the last five days. There was a gain of $0.87 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 2,292,646 shares traded, while the 50-day average volume stands at 2,231,958.
IR stock has increased by 2.71% in the last month. The company shares reached their 1-month lowest point of $63.87 on 07/27/23. With the stock rallying to its 52-week high on 08/08/23, shares of the company touched a low of $42.20 and a high of $68.92 in 52 weeks. It has reached a new high 38 times so far this year and achieved 29.95% or $15.74 in price. In spite of this, the price is down -1.48% from the 52-week high.
Insider Transactions
IR stock investors should be aware that Ingersoll Rand Inc. (IR) stock had its last reported insider trading activity 55 days ago on Jun 16. In this transaction, the insider spent $1,765,985. Keene Kathleen M., disposed of 4,003 shares at a price of $62.50 on Jun 08. The insider now owns more than $250,183 worth of shares. Prior to that, Gillespie Gary E went on to Sale 27,488 shares at $61.56 each on Jun 06. An amount of $1,692,161 was transacted.
Valuation Metrics
Ingersoll Rand Inc. (IR) has a trailing price-to-earnings (P/E) ratio of 40.37. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.27, the price-to-book (PB) ratio at 2.95, and the price-to-cash flow ratio at 37.57.
The company has a payout ratio of 5.40%. The company’s most recent quarterly dividend payment was $0.02 a share, without any change from last year. Its latest decrease dividend $0.0120 reported on Wednesday November 2 2022.
Financial Health
The quick ratio of Ingersoll Rand Inc. for the three months ended June 29 was 1.50, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.29 for the quarter ending June 29. Ingersoll Rand Inc.’s EBITDA margin for the year ending June 29 is 22.19%, while its operating margin for the same period stands at 12.60%. Its gross profit as reported stood at $2.33 billion compared to revenue of $5.92 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 4.20%.
Earnings Surprise
For the three-month period that ended June 29, Ingersoll Rand Inc. had $2.7 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $179.5 million in the quarter, while revenues of $161.1 million were grew 22.84%. The analyst consensus anticipated Ingersoll Rand Inc.’s latest quarter earnings to come in at $0.6 per share, but it turned out to be $0.68, a 13.30% surprise. For the quarter, EBITDA amounted to $384.2 million. Shareholders own equity worth $404.4 million.
Technical Picture
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 09 August was 65.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.71%.
As of today, IR’s price is $67.91 +1.30% or $0.87 from its 5-day moving average. IR is currently trading +1.96% higher than its 20-day SMA and +29.60% higher than its 100-day SMA. However, the stock’s current price level is +16.34% above the SMA50 and +45.31% above the SMA200.
The stochastic %K and %D were 86.73% and 89.67%, respectively, and the average true range (ATR) was 1.23. With the 14-day stochastic at 81.58% and the average true range at 1.22, the RSI (14) stands at 63.96%. The stock has reached 1.20 on the 9-day MACD Oscillator while the 14-day reading was at 2.07.
Analyst Ratings
Evercore ISI upgraded Ingersoll Rand Inc. (NYSE: IR) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as an In-line. 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 2 analysts, while 9 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 $65.00 and $83.00, with a median target of $76.00. Taking a look at these predictions, the average price target given by analysts for Ingersoll Rand Inc. (IR) stock is $74.86.
