At the last check on Friday, Ingersoll Rand Inc.’s (NYSE:IR) stock was up $0.76, moving up 1.15 percent to $66.86. The average number of shares traded per day over the past five days has been 1,573,214 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.00 fall in that time frame. In the last twenty days, the average volume was 2,225,098, while in the previous 50 days, it was 2,173,055.
Since last month, IR stock rose 1.94%. Shares of the company fell to $63.87 on 07/27/23, the lowest level in the past month. A 52-week high of $68.92 was reached on 08/08/23 after having rallying from a 52-week low of $42.20. Since the beginning of this year, IR’s stock price has risen by 27.96% or $14.84, and marked a new high 38 times. However, the stock has declined by -2.99% since its 52-week high.
IR stock investors should be aware that Ingersoll Rand Inc. (IR) stock had its last reported insider trading activity 63 days ago on Jun 16. Reynal Vicente disposed of 27,169 shares for $65.00 on Jun 16. It resulted in a $1,765,985 divestment by the insider. Keene Kathleen M. sold 4,003 shares at an average price of $62.50 on Jun 08. The insider now owns 1,879 shares following the transaction. On Jun 06, Gillespie Gary E sold 27,488 shares at $61.56 apiece. The transaction was valued at $1,692,161.
Valuation Metrics
Right now, Ingersoll Rand Inc. (IR) has a P/E ratio of about 39.75. The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 4.18, the price-to-book (PB) ratio of 2.87, and the price-to-cash flow ratio of 29.14 may also be considered.
The latest dividend of $0.02 per share was paid out, remained unchanged from last year’s $0.02. On Wednesday November 2 2022, a $0.0120 dividend decrease was announced.
Financial Health
In the three months ended June 29, Ingersoll Rand Inc.’s quick ratio stood at 1.60, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.29, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 40.10% percent. In the year ended June 29, EBITDA margin amounted to 22.19%, whereas operating margins totaled 15.10%. Based on annual data, IR earned $2.33 billion in gross profit and brought in $5.92 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.60%. Return on equity (ROE) for the past 12 months was 7.70%.
In Ingersoll Rand Inc.’s quarter-end financial report for June 29, it reported total debt of $2.7 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IR’s revenue rose 14.62% to $1.63 billion during the quarter, while net income inched up to $1.69 billion. While analysts expected Ingersoll Rand Inc. to report $0.6 quarterly earnings, the actual figure was $0.68 per share, beating the consensus estimate by 13.30%. During the quarter, the company generated $384.2 million in EBITDA. The liabilities of Ingersoll Rand Inc. were 5.55 billion at the end of its most recent quarter ended June 29, and its total debt was $2.82 billion. The value of shareholders’ equity is $404.4 million.
Technical Picture
This quick technical analysis looks at Ingersoll Rand Inc.’s (IR) price momentum. With a historical volatility rate of 13.63%, the RSI 9-day stood at 53.26% on 17 August.
With respect to its five-day moving average, the current Ingersoll Rand Inc. price is down by -1.47% percent or -$1.00. At present, IR shares trade +2.80% above its 20-day simple moving average and +20.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.02% above its SMA50 and +32.85% above its SMA200.
Stochastic coefficient K was 50.03% and Stochastic coefficient D was 55.85%, while ATR was 1.23. Given the Stochastic reading of 56.53% for the 14-day period, the RSI (14) reading has been calculated as 55.28%. As of today, the MACD Oscillator reading stands at -0.87, while the 14-day reading stands at -0.58.
Analyst Ratings
Evercore ISI upgraded its rating on Ingersoll Rand Inc. (NYSE: IR) to an Outperform in a note to investors on May 09, 2023. The analysts firm previously had an In-line rating on the stock.Ingersoll Rand Inc. (IR) has been rated Overweight by analysts. According to 0 brokerage firms, IR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Ingersoll Rand Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $76.00, the current consensus forecast for the stock is $65.00 – $83.00. Based on these forecasts, analysts predict Ingersoll Rand Inc. (IR) will achieve an average price target of $74.86.
