Ingersoll-Rand Inc (NYSE: IR)’s stock price has increased by 0.30 compared to its previous closing price of 99.95. However, the company has seen a -0.09% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-22 that The Zacks Manufacturing – General Industrial industry benefits from strength across prominent end-markets and improving supply-chain conditions. IR, DOV, AIT and FLS are some promising stocks in the industry.
Is It Worth Investing in Ingersoll-Rand Inc (NYSE: IR) Right Now?
Ingersoll-Rand Inc (NYSE: IR) has a higher price-to-earnings ratio of 49.92x compared to its average ratio, The 36-month beta value for IR is at 1.45. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 5 rating it as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for IR is 402.61M, and currently, shorts hold a 2.51% of that float. The average trading volume for IR on July 24, 2024 was 2.83M shares.
IR’s Market Performance
The stock of Ingersoll-Rand Inc (IR) has seen a -0.09% decrease in the past week, with a 7.92% rise in the past month, and a 13.11% gain in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 2.06% for IR. The simple moving average for the past 20 days is 6.66% for IR’s stock, with a 20.67% simple moving average for the past 200 days.
Analysts’ Opinion of IR
Many brokerage firms have already submitted their reports for IR stocks, with Jefferies repeating the rating for IR by listing it as a “Buy.” The predicted price for IR in the upcoming period, according to Jefferies is $110 based on the research report published on June 21, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see IR reach a price target of $92. The rating they have provided for IR stocks is “Neutral” according to the report published on March 12th, 2024.
Evercore ISI gave a rating of “In-line” to IR, setting the target price at $89 in the report published on February 20th of the current year.
IR Trading at 7.81% 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 -0.40% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +7.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.16% upper at present.
During the last 5 trading sessions, IR fell by -0.09%, which changed the moving average for the period of 200-days by +58.47% in comparison to the 20-day moving average, which settled at $94.35. In addition, Ingersoll-Rand Inc saw 29.62% 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 Reynal Vicente, who sale 198,486 shares at the price of $88.11 back on Jun 04 ’24. After this action, Reynal Vicente now owns 100,367 shares of Ingersoll-Rand Inc, valued at $17,488,350 using the latest closing price.
Reynal Vicente, the of Ingersoll-Rand Inc, sale 258,488 shares at $90.03 during a trade that took place back on Jun 03 ’24, which means that Reynal Vicente is holding 100,367 shares at $23,272,604 based on the most recent closing price.
Stock Fundamentals for IR
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.42 for the gross margin
The net margin for Ingersoll-Rand Inc stands at 0.12. The total capital return value is set at 0.09. Equity return is now at value 8.55, with 5.37 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 0.5. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 7.87.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 6.04. The receivables turnover for the company is 5.55for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
In conclusion, Ingersoll-Rand Inc (IR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
