Wells Fargo analyst Joe O’Dea maintained a Buy rating on Ingersoll Rand (IR – Research Report) yesterday and set a price target of $100.00. The company’s shares closed last Friday at $94.74.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 9.6% and a 60.51% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Eaton, and Emerson Electric Company.
In addition to Wells Fargo, Ingersoll Rand also received a Buy from Robert W. Baird’s Michael Halloran in a report issued on March 18. However, on March 12, Exane BNP Paribas initiated coverage with a Hold rating on Ingersoll Rand (NYSE: IR).
IR market cap is currently $38.22B and has a P/E ratio of 49.76.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IR in relation to earlier this year. Last month, Michael J Scheske, the VP & CAO of IR sold 11,401.00 shares for a total of $999,362.67.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ingersoll Rand (IR) Company Description:
Ingersoll Rand Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts,
consumables, and services. It manufactures compressor, pump, vacuum and blower products in its markets. Its segments are Industrials, Energy,
and Medical. In the Industrials segment, the company designs, manufactures, markets and services a broad range of air compression, vacuum and blower products
across a wide array of technologies and applications. In the Medical segment, it designs, manufactures and markets specialized gas, liquid and precision syringe pumps,
and compressors for use in the medical, laboratory and biotechnology end markets.
Read More on IR:
- Ingersoll-Rand initiated with a Neutral at Exane BNP Paribas
- Ingersoll-Rand price target raised to $101 from $85 at Barclays
- Ingersoll-Rand downgraded to In Line from Outperform at Evercore ISI
- Ingersoll-Rand price target raised to $105 from $86 at Citi
- Ingersoll-Rand price target raised to $100 from $83 at Wells Fargo
