After Jefferies and KeyBanc 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 yesterday at $103.26, close to its 52-week high of $105.76.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.1% and a 63.2% 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 a Strong Buy with an average price target of $111.45.
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The company has a one-year high of $105.76 and a one-year low of $79.63. Currently, Ingersoll-Rand has an average volume of 1.68M.
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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.
