Analyst Ratings For Ingersoll Rand
Portfolio Pulse from Benzinga Insights
Ingersoll Rand (NYSE:IR) received varied analyst ratings, with an updated average 12-month price target of $99.00, marking a 7.9% increase from the previous target. Analysts from firms like Baird, Citigroup, and Barclays have raised their price targets, reflecting a positive outlook on the company's performance. Despite this, Ingersoll Rand faces challenges with a revenue decline of -8.31% as of March 31, 2024, and below-average net margin and ROE, indicating potential hurdles in profitability and efficiency.
May 06, 2024 | 12:00 pm
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Ingersoll Rand has received updated analyst ratings with a higher average price target of $99.00, indicating a bullish outlook. However, the company's recent revenue decline and below-average profitability metrics may pose challenges.
The increase in the average price target to $99.00 by analysts suggests a positive outlook on Ingersoll Rand's stock in the short term, driven by recent analyst upgrades. However, the company's financial challenges, such as a significant revenue decline and below-average profitability metrics, could temper investor enthusiasm. The positive score reflects the immediate impact of analyst upgrades, while the high importance and relevance scores are due to the direct mention and detailed analysis of Ingersoll Rand's financial health and analyst expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100