Ingersoll Rand (IR) Stock Forecast & Price Target

$105.93 +1.93 (+1.86%)

(As of 08:35 PM 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
6

Buy
7

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, 6 have given a hold rating, and 7 have given a buy rating for IR.

Consensus Price Target

$103.83
-1.98% Downside

According to the 13 analysts' twelve-month price targets for Ingersoll Rand, the average price target is $103.83. The highest price target for IR is $124.00, while the lowest price target for IR is $88.00. The average price target represents a forecasted downside of -1.98% from the current price of $105.93.

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IR Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$103.83	$102.17	$100.27	$71.10
Forecasted Upside	-1.98% Downside	6.29% Upside	10.64% Upside	-0.32% Downside
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	2.54	2.58	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.16% Downside	37.47% Upside	7.66% 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
11/18/2024	Stifel Nicolaus 4 of 5 stars		Downgrade	Buy ➝ Hold	$112.00 ➝ $107.00	+4.46%
11/13/2024	UBS Group 4 of 5 stars		Initiated Coverage	Buy ➝ Buy	$102.00 ➝ $124.00	+18.56%
11/4/2024	Robert W. Baird 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$114.00 ➝ $109.00	+15.99%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $110.00	+9.85%
10/4/2024	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
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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%
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%
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:55 PM 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 Wednesday, November 20, 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.:

The company has a consensus rating of "Moderate Buy" from analysts, indicating positive sentiment and potential for stock appreciation.
Ingersoll Rand Inc. has an average price target of $102.17, suggesting that the stock may have room to grow from its current price of $95.93.
Recent upgrades from analysts, including a price target increase from Stifel Nicolaus to $112.00, reflect growing confidence in the company's performance.
The company operates in critical sectors with its mission-critical air, gas, liquid, and solid flow technologies, which are essential for various industries, ensuring steady demand.
With a market capitalization of $38.70 billion, Ingersoll Rand Inc. is well-positioned to leverage its resources for growth and innovation in its field.

Ingersoll Rand
Bear Case

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

Insider selling activity has been notable, with insiders selling a total of 77,510 shares valued at over $7 million in the last quarter, which may signal a lack of confidence in the stock's short-term performance.
The company's PE ratio stands at 47.73, which is relatively high, indicating that the stock may be overvalued compared to its earnings, potentially leading to a price correction.
Despite recent upgrades, some analysts have issued lower price targets, such as Evercore ISI reducing their target from $93.00 to $88.00, suggesting mixed opinions on the stock's future performance.
The stock has shown volatility, with a beta of 1.42, indicating that it is more volatile than the market, which could pose risks for conservative investors.
Corporate insiders own only 0.68% of the company's stock, which may indicate a lack of alignment between management and shareholder interests.

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 $103.83, with a high forecast of $124.00 and a low forecast of $88.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingersoll Rand in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IR shares.
: According to analysts, Ingersoll Rand's stock has a predicted downside of -1.98% based on their 12-month stock forecasts.
: Over the previous 90 days, Ingersoll Rand's stock had 1 upgrade and 1 downgrade by analysts.
: Ingersoll Rand has been rated by research analysts at Barclays, Cfra, Morgan Stanley, Robert W. Baird, Stifel Nicolaus, UBS Group, 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 2.54 while the average consensus rating score for "industrial products" companies is 2.58. Learn more on how IR compares to other companies.

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This page (NYSE:IR) was last updated on 11/25/2024 by MarketBeat.com Staff

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Ingersoll Rand (IR) Stock Forecast & Price Target