Fintel reports that on February 20, 2024, Evercore ISI Group modified their stance on Ingersoll Rand (NYSE:IR) from Outperform to In-Line.
Analyst Price Forecast Shows 3.15% Downside
As of January 19, 2024, the average one-year price target for Ingersoll Rand is 84.01. The forecasts span from a low of 72.72 to a high of $94.50. The average price target indicates a decrease of 3.15% from its latest reported closing price of 86.74.
View the leaderboard of companies with the largest price target upside.
The projected annual revenue for Ingersoll Rand is 6,607MM, a decrease of 3.91%. The projected annual non-GAAP EPS is 2.83.
What’s the Fund Sentiment?
There are 1586 funds or institutions reporting positions in Ingersoll Rand. This represents an increase of 81 owner(s) or 5.38% in the last quarter. The average portfolio weight of all funds dedicated to IR is 0.26%, a decrease of 2.60%. Total shares owned by institutions increased in the last three months by 1.43% to 470,315K shares.
The put/call ratio of IR is 0.32, indicating a bullish outlook.
T. Rowe Price Investment Management holds 33,556K shares representing 8.32% ownership of the company. In its prior filing, the firm reported owning 37,748K shares, marking a decrease of 12.49%. The firm reduced its portfolio allocation in IR by 0.76% over the last quarter.
Price T Rowe Associates holds 23,180K shares representing 5.75% ownership of the company. In its prior filing, the firm reported owning 26,825K shares, marking a decrease of 15.72%. The firm decreased its portfolio allocation in IR by 3.83% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 12,576K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 12,634K shares, marking a decrease of 0.47%. The firm increased its portfolio allocation in IR by 0.72% over the last quarter.
Jpmorgan Chase holds 12,442K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 11,548K shares, marking an increase of 7.19%. The firm increased its portfolio allocation in IR by 13.88% over the last quarter.
Capital International Investors holds 12,246K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 9,044K shares, marking an increase of 26.15%. The firm increased its portfolio allocation in IR by 45.21% over the last quarter.
About Ingersoll-Rand
(This description is provided by the company.)
Ingersoll Rand Inc., driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on Ingersoll Rand for its technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where its products and services excel in the most complex and harsh conditions. Ingersoll Rand employees connect to customers for life by delivering proven expertise, productivity and efficiency improvements.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
