Cowen & Co. Remains a Buy on Ingersoll-Rand


Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Ingersoll-Rand (NYSE: IR) today and set a price target of $111. The company’s shares closed yesterday at $92.02.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.8% and a 78.7% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Currently, the analyst consensus on Ingersoll-Rand is Strong Buy and the average price target is $105.60, representing a 14.8% upside.

In a report issued on June 11, Barclays also maintained a Buy rating on the stock with a $111 price target.

See today’s analyst top recommended stocks >>

Based on Ingersoll-Rand’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $120 million. In comparison, last year the company had a net profit of $117 million.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Last month, Christopher Kuehn, the VP of IR sold 6,700 shares for a total of $596,434.

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.

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