The stock price of Ingersoll-Rand Inc (NYSE: IR) has jumped by 0.68 compared to previous close of 93.97. Despite this, the company has seen a fall of -2.57% in its stock price over the last five trading days. zacks.com reported 2024-11-01 that IR’s third-quarter 2024 adjusted earnings of 84 cents per share increase 9.1% year over year.
Is It Worth Investing in Ingersoll-Rand Inc (NYSE: IR) Right Now?
The price-to-earnings ratio for Ingersoll-Rand Inc (NYSE: IR) is above average at 45.99x. The 36-month beta value for IR is also noteworthy at 1.42. 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.”
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The public float for IR is 402.66M, and at present, short sellers hold a 2.43% of that float. The average trading volume of IR on November 05, 2024 was 2.30M shares.
IR’s Market Performance
The stock of Ingersoll-Rand Inc (IR) has seen a -2.57% decrease in the past week, with a -6.45% drop in the past month, and a 7.33% gain in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 1.84% for IR. The simple moving average for the past 20 days is -3.74% for IR’s stock, with a 2.70% simple moving average for the past 200 days.
Analysts’ Opinion of IR
Many brokerage firms have already submitted their reports for IR stocks, with Morgan Stanley repeating the rating for IR by listing it as a “Equal-Weight.” The predicted price for IR in the upcoming period, according to Morgan Stanley is $97 based on the research report published on September 06, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see IR reach a price target of $110. The rating they have provided for IR stocks is “Buy” according to the report published on June 21st, 2024.
Exane BNP Paribas gave a rating of “Neutral” to IR, setting the target price at $92 in the report published on March 12th of the current year.
IR Trading at -0.81% 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 -7.91% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.24% upper at present.
During the last 5 trading sessions, IR fell by -2.57%, which changed the moving average for the period of 200-days by +19.94% in comparison to the 20-day moving average, which settled at $98.29. In addition, Ingersoll-Rand Inc saw 22.33% 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 Keene Kathleen M., who sale 4,629 shares at the price of $89.99 back on Aug 27 ’24. After this action, Keene Kathleen M. now owns 3,829 shares of Ingersoll-Rand Inc, valued at $416,578 using the latest closing price.
Keene Kathleen M., the of Ingersoll-Rand Inc, sale 45 shares at $91.00 during a trade that took place back on Aug 28 ’24, which means that Keene Kathleen M. is holding 3,784 shares at $4,095 based on the most recent closing price.
Stock Fundamentals for IR
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.41 for the gross margin
The net margin for Ingersoll-Rand Inc stands at 0.12. The total capital return value is set at 0.08. Equity return is now at value 8.46, with 5.03 for asset returns.
Based on Ingersoll-Rand Inc (IR), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 7.11.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 2.16. When we switch over and look at the enterprise to sales, we see a ratio of 5.81. The receivables turnover for the company is 5.33for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In summary, Ingersoll-Rand Inc (IR) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
