What Analysts Are Saying About Ingersoll Rand Stock
Portfolio Pulse from Benzinga Insights
Analyst ratings for Ingersoll Rand (NYSE:IR) show varied sentiments, with recent adjustments reflecting a bullish outlook. The average 12-month price target is $95.38, marking an 11.28% increase from the previous target. Ingersoll Rand's financial performance includes a revenue growth of 12.18% and a net margin of 12.62%, though its ROE and ROA are below industry averages. The company's market capitalization and debt management indicate investor confidence and a sound financial structure.
April 02, 2024 | 9:01 pm
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Ingersoll Rand's analyst ratings have varied, but recent updates show a bullish trend. The company's financials reveal strong revenue growth and net margin, though it faces challenges in ROE and ROA. The updated average price target suggests a positive outlook.
The increase in the average price target to $95.38, up from $85.71, reflects a bullish sentiment among analysts, likely due to Ingersoll Rand's solid revenue growth and net margin performance. However, the below-average ROE and ROA indicate areas for improvement. The overall positive adjustments in analyst ratings and price targets suggest a short-term positive impact on IR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100