Vontobel Holding Ltd. has increased its stock holdings in
Ingersoll Rand Inc. (
NYSE:IR), showing confidence in IR’s financial growth.
Stifel Nicolaus boosted IR's price target to $112.00, demonstrating heightened valuation expectation.
IR’s quarterly earnings top estimates, and the company posted record quarterly revenue. However,
short interest on Ingersoll Rand has reportedly increased, indicating possible bearish sentiment from investors. Meanwhile,
insider selling from company executives hints at a cautious outlook. Despite this, several analysts including
Barclays and
D.A. Davidson have raised their price targets. Ingersoll Rand has made extensive acquisitions with the purchase of three additional companies, including a lucrative $2.33 billion deal for
ILC Dover, to expand in the life sciences sector. Despite some earnings misses, Ingersoll Ran's stock has performed well overall, reaching an all-time high of $101.31. Overall, analysts seem bullish about Ingersoll Rand's prospects, despite challenges in capital allocation.
Ingersoll Rand IR News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Sat, 19 Oct 2024 07:59:09 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -4
