The stock of Ingersoll-Rand Inc (IR) has seen a 1.33% increase in the past week, with a 3.66% gain in the past month, and a 13.15% flourish in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.81% for IR. The simple moving average for the last 20 days is 5.15% for IR stock, with a simple moving average of 12.28% for the last 200 days.
Is It Worth Investing in Ingersoll-Rand Inc (NYSE: IR) Right Now?
Ingersoll-Rand Inc (NYSE: IR) has a price-to-earnings ratio of 50.72x that is above its average ratio. Additionally, the 36-month beta value for IR is 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 402.19M and currently, short sellers hold a 2.28% ratio of that float. The average trading volume of IR on November 14, 2024 was 2.21M shares.
IR) stock’s latest price update
Ingersoll-Rand Inc (NYSE: IR)’s stock price has plunge by 0.12relation to previous closing price of 104.23. Nevertheless, the company has seen a 1.33% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-06 that Here is how Ingersoll Rand (IR) and Kadant (KAI) have performed compared to their sector so far this year.
Analysts’ Opinion of IR
Morgan Stanley, on the other hand, stated in their research note that they expect to see IR reach a price target of $97. The rating they have provided for IR stocks is “Equal-Weight” according to the report published on September 06th, 2024.
Jefferies gave a rating of “Buy” to IR, setting the target price at $110 in the report published on June 21st of the current year.
IR Trading at 7.34% 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 -1.21% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +3.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.59% upper at present.
During the last 5 trading sessions, IR rose by +1.33%, which changed the moving average for the period of 200-days by +29.45% in comparison to the 20-day moving average, which settled at $99.24. In addition, Ingersoll-Rand Inc saw 34.92% 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 Scheske Michael J, who sale 2,531 shares at the price of $97.44 back on Nov 05 ’24. After this action, Scheske Michael J now owns 11,910 shares of Ingersoll-Rand Inc, valued at $246,621 using the latest closing price.
Schiesl Andrew R, the of Ingersoll-Rand Inc, sale 24,234 shares at $95.08 during a trade that took place back on Nov 05 ’24, which means that Schiesl Andrew R is holding 30,846 shares at $2,304,241 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
- 0.4 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 1.7 billion with net debt to EBITDA at 1.82. When we switch over and look at the enterprise to sales, we see a ratio of 6.35. 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 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.
