The stock of Ingersoll Rand Inc. (NYSE: IR) increased by $1.11 on Tuesday to at $70.21, up 1.61 percent. The last five days have seen an average of 2,035,370 shares of common stock traded. 42 times new highs were reached in the current year, with a gain of $17.67. The average number of shares traded over the last 20 days was 2,238,847, while the average volume over the last 50 days totaled 2,202,309.
IR stock appreciated 7.57% since last month. On 07/31/23, the company’s shares reached a one-month low of $64.35. The stock touched a high of $69.44 on 08/29/23, after rallying from a low of $42.20 in 52 weeks. The price of IR stock has risen by 34.37% or $17.67 this year, reaching a new high 42 times. Still, the stock price is up 1.11% from the 52-week high.
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Insider Transactions
IR stock investors should be aware that Ingersoll Rand Inc. (IR) stock had its last reported insider trading activity 74 days ago on June 16. On June 16, Reynal Vicente sold 27,169 shares at $65.00 each. This transaction resulted in the insider making $1,765,985. On June 08, Keene Kathleen M. sold 4,003 shares at a price of US$62.50. After the transaction, the insider now owns 1,879 shares. Gillespie Gary E had earlier sold 27,488 shares on June 06 for $61.56 a share. The transaction was completed for $1,692,161.
Valuation Metrics
Ingersoll Rand Inc. (IR) has a trailing price-to-earnings (P/E) ratio of 41.74. Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.36, the price-to-book (PB) ratio of 3.02, and the price-to-cash flow ratio of 30.39.
Company paid $0.02 per share in dividends, remained unchanged from $0.02 last year. A $0.0120 dividend decrease was reported on Wednesday November 2 2022.
Financial Health
For the three months ended June 30, Ingersoll Rand Inc.’s quick ratio was 1.60, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.29, and the total debt to equity ratio is 0.29. As far as profitability goes, gross margin for the trailing twelve months is 40.10% percent. Ingersoll Rand Inc.’s EBITDA margin for the year ended June 30 was 22.19%, whereas its operating margin stood at 15.10% for the same period. Based on annual data, it had gross profit of $2.33 billion and revenue of $5.92 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IR’s return on assets (ROA) during the last 12 months has been 4.80%. There was a 5.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.70%.
Earnings Surprise
According to Ingersoll Rand Inc.’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.69 billion, while revenues rose by 14.62% to $1.63 billion. It was predicted that Ingersoll Rand Inc.’s quarterly earnings would be $0.68, but it ended up being $0.6, beating the consensus by 13.30%. EBITDA was $384.2 million for the quarter. At the end of Ingersoll Rand Inc.’s most recent quarter ended June 30, its liabilities totaled 5.55 billion, while its total debt was $2.82 billion. Equity owned by shareholders amounts to $404.4 million.
Technical Picture
Here’s a quick look at Ingersoll Rand Inc.’s (IR) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 74.62%, suggesting the stock is Overbought, with a 13.72% historical volatility rate.
The stochastic %K and %D were 93.29% and 88.76% respectively, while the average true range (ATR) was 1.19. Based on the 14-day stochastic reading of 96.94%, the RSI (14) reading is 69.32%. On the 9-day MACD Oscillator, the stock is at 1.44, and the 14-day reading is at 1.56.
Analyst Ratings
In its most recent analyst report, Evercore ISI raised its rating on Ingersoll Rand Inc. (NYSE: IR) to an Outperform. Prior to this, analysts firm rated the stock as an In-line. Analysts have assigned Ingersoll Rand Inc. (IR) an Overweight rating. IR is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is IR’s price target for the next 12 months?
The current consensus forecast for the stock is between $64.00 and $85.00, with a median target price of $76.00. In analyzing these forecasts, the average price target given by analysts for Ingersoll Rand Inc. (IR) is $75.84.
