7 Analysts Assess Ingersoll Rand: What You Need To Know
Portfolio Pulse from Benzinga Insights
In the last three months, 7 analysts have updated their ratings on Ingersoll Rand (NYSE:IR), showing a mix of bullish to indifferent sentiments. The average 12-month price target for IR has increased by 16.55% to $91.29. Analysts from firms like Goldman Sachs and Wells Fargo have raised their price targets, reflecting positive market dynamics and company performance. Ingersoll Rand, with a diverse portfolio in industrial and precision technologies, reported a revenue growth of 12.18% and a net margin of 12.62% for 2023, although its ROE and ROA are below industry averages.
March 12, 2024 | 5:00 pm
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Ingersoll Rand has received mixed analyst ratings with an updated average 12-month price target of $91.29, indicating a positive sentiment. The company reported a revenue growth of 12.18% and a net margin of 12.62% for 2023.
The increase in the average price target by analysts, coupled with Ingersoll Rand's reported revenue growth and net margin, suggests a positive outlook for the stock in the short term. The diverse analyst sentiments and the company's solid financial performance are key factors for this assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100