In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Ingersoll-Rand (NYSE: IR), with a price target of $117. The company’s shares opened today at $97.19, close to its 52-week high of $99.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 11.4% and a 73.4% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Rockwell Automation Inc.
Currently, the analyst consensus on Ingersoll-Rand is a Moderate Buy with an average price target of $108.50, an 11.6% upside from current levels. In a report issued on July 26, Cowen & Co. also assigned a Buy rating to the stock with a $115 price target.
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The company has a one-year high of $99 and a one-year low of $79.63. Currently, Ingersoll-Rand has an average volume of 1.4M.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. Last month, SULTANA KEITH A, the SVP of IR sold 8,804 shares for a total of $866,578.
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 Plc engages in the provision of products, services, and solutions to enhance the quality, energy efficiency and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. It operates through Climate and Industrial segments.
