Ingersoll-Rand (IR) Gets a Buy Rating from Cowen & Co.


In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Ingersoll-Rand (IR), with a price target of $115. The company’s shares closed yesterday at $98.09.

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 7.6% and a 54.2% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Ingersoll-Rand has an analyst consensus of Strong Buy, with a price target consensus of $111.50.

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Based on Ingersoll-Rand’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $515 million. In comparison, last year the company had a net profit of $367 million.

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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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