Ingersoll Rand Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Ingersoll Rand (NYSE:IR) received mixed analyst ratings in the latest quarter with 4 analysts providing their perspectives. The average 12-month price target for IR has been raised to $86.75, indicating a 16.44% increase from the previous target. Analysts from CFRA, UBS, Wells Fargo, and Citigroup have all raised their price targets, reflecting positive sentiment towards the company's market performance and financial health. Ingersoll Rand's revenue growth, net margin, and market capitalization are highlighted as strong points, while its ROE and ROA are below industry averages.
February 16, 2024 | 7:00 pm
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Ingersoll Rand received mixed ratings from analysts, with an increased average 12-month price target of $86.75. Financial indicators show strong revenue growth and net margin, but ROE and ROA are below industry averages.
The increase in the average 12-month price target for Ingersoll Rand reflects a positive sentiment from analysts, likely due to its strong revenue growth and net margin. However, the below-average ROE and ROA may temper expectations. The overall positive adjustments in price targets by analysts from CFRA, UBS, Wells Fargo, and Citigroup suggest a bullish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100