The stock of Ingersoll-Rand Inc (NYSE: IR) has decreased by -0.66 when compared to last closing price of 104.74.Despite this, the company has seen a gain of 0.91% in its stock price over the last five trading days. globenewswire.com reported 2024-11-19 that DAVIDSON, N.C., Nov. 19, 2024 (GLOBE NEWSWIRE) — Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, announced that Vik Kini, chief financial officer, will participate in a fireside chat at the Goldman Sachs Industrials and Materials Conference on Thursday, December 5, 2024, at 9:20 a.m. Eastern Time.
Is It Worth Investing in Ingersoll-Rand Inc (NYSE: IR) Right Now?
The price-to-earnings ratio for Ingersoll-Rand Inc (NYSE: IR) is 50.57x, which is above its average ratio. Moreover, the 36-month beta value for IR is 1.42. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for IR is 402.19M and currently, short sellers hold a 2.45% of that float. On November 28, 2024, IR’s average trading volume was 2.26M shares.
IR’s Market Performance
IR’s stock has seen a 0.91% increase for the week, with a 6.98% rise in the past month and a 14.59% gain in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 1.91% for Ingersoll-Rand Inc. The simple moving average for the past 20 days is 2.08% for IR’s stock, with a 10.79% simple moving average for the past 200 days.
Analysts’ Opinion of IR
Many brokerage firms have already submitted their reports for IR stocks, with Stifel repeating the rating for IR by listing it as a “Hold.” The predicted price for IR in the upcoming period, according to Stifel is $107 based on the research report published on November 18, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see IR reach a price target of $124, previously predicting the price at $102. The rating they have provided for IR stocks is “Buy” according to the report published on November 13th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to IR, setting the target price at $97 in the report published on September 06th of the current year.
IR Trading at 4.15% 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 -1.87% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares surge +6.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.00% upper at present.
During the last 5 trading sessions, IR rose by +0.91%, which changed the moving average for the period of 200-days by +22.25% in comparison to the 20-day moving average, which settled at $101.93. In addition, Ingersoll-Rand Inc saw 34.54% 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
- 0.41 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 1.61 billion with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 6.34. 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
To wrap up, the performance of Ingersoll-Rand Inc (IR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
