Is Ingersoll Rand Inc. (IR) A ‘Must-Own’ Growth Stock?


Ingersoll Rand Inc. (NYSE:IR) went up by 3.28% from its latest closing price when compared to the 1-year high value of $38.96 and move down -7.59%, while IR stocks collected 2.75% of gains with the last five trading sessions. Press Release reported 1 hour ago that Ingersoll Rand Acquires Leading Peristaltic Pump Manufacturer, Albin Pump SAS

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Ingersoll Rand Inc. (NYSE:IR) Worth an Investment?

Ingersoll Rand Inc. (NYSE:IR) 4 of the analysts out of 15 who provided ratings for Ingersoll Rand Inc. stocks as a “buy” while 1 as overweight, 10 rated it as hold and 0 as sell. The average price we get from analysts is $35.86 which is -$1.44 below current price. IR currently has a short float of 4.49% and public float of 370.78M with average trading volume of 3.41M shares.

IR Market Performance

IR stocks went up by 2.75% for the week, with the monthly jump of 10.97% and a quarterly performance of 17.60%, while its annual performance rate touched 31.86%. The simple moving average for the period of the last 20 days is 4.25% for IR stocks with the simple moving average of 15.79% for the last 200 days.

Analysts’ Opinion on Ingersoll Rand Inc. (NYSE:IR)

Many brokerage firms have already submitted their reports for IR stocks, with Goldman repeating the rating for IR shares by setting it to “Neutral”. The predicted price for IR socks in the upcoming period according to Goldman is $34 based on the research report published on June 15, 2020.

Deutsche Bank, on the other hand, stated in their research note that they expect to see IR stock at the price of $29, previously predicting the value of $28. The rating they have provided for IR stocks is “Hold” according to the report published on May 13, 2020.

Wolfe Research gave “Peer Perform” rating to IR stocks, setting the target price at $31 in the report published on May 4, 2020.

IR Stocks 13.89% Far from 50 Day Moving Average

After a stumble in the market that brought IR to its low price for the period of the last 52 weeks, Ingersoll Rand Inc. was unable to take a rebound, for now settling with -7.06% of loss for the given period.

The stock volatility was left at 2.40%, however, within the period of a single month, the volatility rate increased by 2.28%, while the shares surge at the distance of +10.90% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +24.13% upper at the present time.

In the course of the last 5 trading sessions, IR went up by +2.75%, which changed the moving average for the period of 200 days to the total of +8.48% of gains for the stock in comparison to the 20-day moving average settled at $34.91. In addition, Ingersoll Rand Inc. saw -1.28% in overturn over the period of a single year with a tendency to cut further losses.

IR Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Ingersoll Rand Inc. (IR), starting from Scheske Michael J, who sold 12,805 shares at the price of $34.62 back on Aug 20. After this action, Rushing now owns 1,000 shares of Ingersoll Rand Inc., valued at $443,322 with the latest closing price.

Scheske Michael J, the VP, Corporate Controller of Ingersoll Rand Inc., sold 911 shares at the value of $35.80 during a trade that took place back on Aug 12, which means that Scheske Michael J is holding 1,000 shares at the value of $32,610 based on the most recent closing price.

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