RBC Capital analyst Deane Dray reiterated a Hold rating on Ingersoll-Rand (NYSE: IR) on July 10 and set a price target of $96. The company’s shares opened today at $91.05.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.2% and a 59.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ingersoll-Rand with a $104.50 average price target.
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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 $359 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Christopher Kuehn, the VP of IR sold 6,700 shares for a total of $596,434.
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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.
