Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Ingersoll-Rand (IR) today and set a price target of $131. The company’s shares closed yesterday at $122.22, close to its 52-week high of $128.31.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.2% and a 75.1% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies Inc, Transdigm Group Inc, and Huntington Ingalls.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ingersoll-Rand with a $132.80 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 $200 million. In comparison, last year the company had a net profit of $448 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.
