After Credit Suisse and Morgan Stanley gave Ingersoll-Rand (NYSE: IR) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Gautam Khanna maintained a Buy rating on Ingersoll-Rand today and set a price target of $115. The company’s shares closed on Friday at $101.92.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.6% and a 69.0% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Harris.
Ingersoll-Rand has an analyst consensus of Strong Buy, with a price target consensus of $110.50, an 8.4% upside from current levels. In a report issued on January 31, Credit Suisse also reiterated a Buy rating on the stock with a $115 price target.
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The company has a one-year high of $107.08 and a one-year low of $79.63. Currently, Ingersoll-Rand has an average volume of 1.66M.
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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.
