Ingersoll Rand (IR) Stock Forecast & Price Target

$96.00

-1.28 (-1.32%)

(As of 10/31/2024 ET)

Ingersoll Rand - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
5

Buy
8

Based on 13 Wall Street analysts who have issued ratings for Ingersoll Rand in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 5 have given a hold rating, and 8 have given a buy rating for IR.

Consensus Price Target

$102.17
6.42% Upside

According to the 13 analysts' twelve-month price targets for Ingersoll Rand, the average price target is $102.17. The highest price target for IR is $115.00, while the lowest price target for IR is $88.00. The average price target represents a forecasted upside of 6.42% from the current price of $96.00.

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IR Analyst Ratings Over Time

Type	Current Forecast 11/2/23 to 11/1/24	1 Month Ago 10/3/23 to 10/2/24	3 Months Ago 8/4/23 to 8/3/24	1 Year Ago 11/2/22 to 11/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$102.17	$100.33	$98.08	$69.45
Forecasted Upside	6.42% Upside	0.39% Upside	12.20% Upside	5.89% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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IR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ingersoll Rand Stock vs. The Competition

Type	Ingersoll Rand	Industrial Products Companies	S&P 500
Consensus Rating Score	2.62	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	6.42% Upside	43.37% Upside	10.65% Upside
News Sentiment Rating	Positive News See Recent IR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/16/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$101.00 ➝ $112.00	+11.32%
10/7/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $110.00	+9.85%
10/4/2024	Cfra 3 of 5 stars		Boost Target	Hold ➝ Hold	$85.00 ➝ $95.00	-6.06%
10/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$101.00 ➝ $105.00	+5.19%
9/20/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$97.00	+10.72%
Get the Latest News and Ratings for IR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Ingersoll Rand and its competitors with MarketBeat's FREE daily newsletter.
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$93.00 ➝ $88.00	-3.38%
8/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$109.00 ➝ $115.00	+31.81%
6/21/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$110.00	+18.05%
4/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $112.00	+19.10%
3/12/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$92.00	+2.79%
2/21/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$87.00 ➝ $97.00	+10.25%
1/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$78.00 ➝ $93.00	+17.19%
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$55.00 ➝ $56.00	+0.72%
11/4/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$44.00 ➝ $53.00	+3.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:26 AM ET.

Should I Buy Ingersoll Rand Stock? IR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 10, 2024. Please send any questions or comments about these Ingersoll Rand pros and cons to contact@marketbeat.com.

Ingersoll Rand
Bull Case

Here are some ways that investors could benefit from investing in Ingersoll Rand Inc.:

Ingersoll Rand Inc. stock price traded up to $96.41 on Thursday, September 26th, showing positive momentum.
Insiders have been actively selling shares, indicating confidence in the company's performance and potential growth.
Recent analyst ratings have been positive, with a consensus rating of "Moderate Buy" and a target price of $100.00, suggesting potential upside.
Ingersoll Rand Inc. has a strong current ratio of 2.18 and a quick ratio of 1.52, indicating good liquidity and ability to meet short-term obligations.
The company has a one year high of $101.30, showing potential for further price appreciation based on historical performance.

Ingersoll Rand
Bear Case

Investors should be bearish about investing in Ingersoll Rand Inc. for these reasons:

Insiders have sold a significant number of shares in the last quarter, raising concerns about their outlook on the company's future performance.
Evercore ISI and Wells Fargo & Company have recently lowered their target prices on Ingersoll Rand Inc., indicating potential challenges ahead.
The stock has a beta of 1.45, suggesting higher volatility compared to the market average, which may not suit all investors' risk tolerance.
Ingersoll Rand Inc. has a debt-to-equity ratio of 0.47, which could pose risks in case of economic downturns or financial instability.
Despite positive analyst ratings, the stock has been trading below its 50-day moving average, indicating short-term bearish sentiment among investors.

IR Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Ingersoll Rand is $102.17, with a high forecast of $115.00 and a low forecast of $88.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ingersoll Rand in the last twelve months. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IR shares.
: According to analysts, Ingersoll Rand's stock has a predicted upside of 6.42% based on their 12-month stock forecasts.
: Over the previous 90 days, Ingersoll Rand's stock had 1 upgrade by analysts.
: Ingersoll Rand has been rated by research analysts at Barclays, Cfra, Evercore ISI, Morgan Stanley, Stifel Nicolaus, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Ingersoll Rand less than other "industrial products" companies. The consensus rating score for Ingersoll Rand is 2.62 while the average consensus rating score for "industrial products" companies is 2.62. Learn more on how IR compares to other companies.

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This page (NYSE:IR) was last updated on 11/1/2024 by MarketBeat.com Staff

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Ingersoll Rand (IR) Stock Forecast & Price Target