Ingersoll-Rand Inc (NYSE: IR) has experienced a decline in its stock price by -0.44 compared to its previous closing price of 91.28. However, the company has seen a fall of -2.80% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that Investors looking for stocks in the Manufacturing – General Industrial sector might want to consider either Chart Industries (GTLS) or Ingersoll Rand (IR). But which of these two stocks offers value investors a better bang for their buck right now?
Is It Worth Investing in Ingersoll-Rand Inc (NYSE: IR) Right Now?
Ingersoll-Rand Inc (NYSE: IR) has a price-to-earnings ratio of 47.68x that is above its average ratio. Additionally, the 36-month beta value for IR is 1.41. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 5 rating it as “overweight,” 14 rating it as “hold,” and 0 rating it as “sell.”
The public float for IR is 402.61M and currently, short sellers hold a 1.41% ratio of that float. The average trading volume of IR on April 17, 2024 was 2.53M shares.
IR’s Market Performance
The stock of Ingersoll-Rand Inc (IR) has seen a -2.80% decrease in the past week, with a 0.45% rise in the past month, and a 16.59% gain in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 1.78% for IR. The simple moving average for the last 20 days is -2.75% for IR’s stock, with a simple moving average of 22.23% for the last 200 days.
Analysts’ Opinion of IR
Many brokerage firms have already submitted their reports for IR stocks, with Exane BNP Paribas repeating the rating for IR by listing it as a “Neutral.” The predicted price for IR in the upcoming period, according to Exane BNP Paribas is $92 based on the research report published on March 12, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see IR reach a price target of $89, previously predicting the price at $81. The rating they have provided for IR stocks is “In-line” according to the report published on February 20th, 2024.
Stifel gave a rating of “Buy” to IR, setting the target price at $73 in the report published on October 24th of the previous year.
IR Trading at 0.41% from the 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, the company was unable to rebound, for now settling with -5.50% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -0.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.53% upper at present.
During the last 5 trading sessions, IR fell by -2.80%, which changed the moving average for the period of 200-days by +41.12% in comparison to the 20-day moving average, which settled at $93.43. In addition, Ingersoll-Rand Inc saw 17.51% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IR starting from Schiesl Andrew R, who sale 35,000 shares at the price of $89.46 back on Mar 11 ’24. After this action, Schiesl Andrew R now owns 16,525 shares of Ingersoll-Rand Inc, valued at $3,131,100 using the latest closing price.
Reynal Vicente, the of Ingersoll-Rand Inc, sale 240,000 shares at $90.16 during a trade that took place back on Feb 28 ’24, which means that Reynal Vicente is holding 91,957 shares at $21,638,640 based on the most recent closing price.
Stock Fundamentals for IR
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.41 for the gross margin
The net margin for Ingersoll-Rand Inc stands at 0.11. The total capital return value is set at 0.08. Equity return is now at value 8.21, with 5.13 for asset returns.
Based on Ingersoll-Rand Inc (IR), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 7.43.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 5.5. The receivables turnover for the company is 5.57for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.
Conclusion
In conclusion, Ingersoll-Rand Inc (IR) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
