Breaking: Jefferies Reaffirms $105.0 Price Objective On Ingersoll-Rand (NYSE:IR) Shares, Reaffirms Their Original Buy Rating

September 17, 2017 - By Vivian Park

 Breaking: Jefferies Reaffirms $105.0 Price Objective On Ingersoll Rand (NYSE:IR) Shares, Reaffirms Their Original Buy Rating

Investors sentiment increased to 1.33 in Q4 2016. Its up 0.13, from 1.2 in 2016Q3. It improved, as 37 investors sold Ingersoll-Rand PLC shares while 175 reduced holdings. 102 funds opened positions while 181 raised stakes. 216.69 million shares or 10.11% more from 196.79 million shares in 2016Q3 were reported.

Everence Mngmt owns 9,521 shares or 0.21% of their US portfolio. Moreover, Baldwin Brothers Ma has 0.14% invested in Ingersoll-Rand PLC (NYSE:IR) for 9,975 shares. Thrivent Fincl For Lutherans holds 0.25% in Ingersoll-Rand PLC (NYSE:IR) or 746,270 shares. Commonwealth Bank Of Australia owns 34,147 shares. California Public Employees Retirement System accumulated 671,353 shares. Bokf Na stated it has 0.09% in Ingersoll-Rand PLC (NYSE:IR). Fincl Bank Of Hawaii stated it has 6,110 shares. Montag A & has 9,283 shares for 0.08% of their portfolio. Nbt Savings Bank N A reported 11,000 shares stake. 10 holds 0.41% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 19,249 shares. 171,616 were reported by Aviva Public Ltd Limited Liability Company. Wilen Invest Management Corporation invested in 21,030 shares or 0.97% of the stock. Parametric Associate Ltd Liability accumulated 669,864 shares or 0.07% of the stock. Lmr Llp reported 8,201 shares or 0.09% of all its holdings. Moreover, Boston Advsr Limited Liability Corporation has 0.37% invested in Ingersoll-Rand PLC (NYSE:IR).

Ingersoll-Rand (NYSE:IR) Rating Reaffirmed

Ingersoll-Rand (NYSE:IR) just had their share rating of a ‘Buy’ issued by research analysts at Jefferies, who now has a $105.0 target on the $22.69B market cap company or a 17.40 % upside potential. This key information was released in a research note on 11 September.

Investors sentiment increased to 1.33 in Q4 2016. Its up 0.13, from 1.2 in 2016Q3. It improved, as 37 investors sold Ingersoll-Rand PLC shares while 175 reduced holdings. 102 funds opened positions while 181 raised stakes. 216.69 million shares or 10.11% more from 196.79 million shares in 2016Q3 were reported.

Everence Mngmt owns 9,521 shares or 0.21% of their US portfolio. Moreover, Baldwin Brothers Ma has 0.14% invested in Ingersoll-Rand PLC (NYSE:IR) for 9,975 shares. Thrivent Fincl For Lutherans holds 0.25% in Ingersoll-Rand PLC (NYSE:IR) or 746,270 shares. Commonwealth Bank Of Australia owns 34,147 shares. California Public Employees Retirement System accumulated 671,353 shares. Bokf Na stated it has 0.09% in Ingersoll-Rand PLC (NYSE:IR). Fincl Bank Of Hawaii stated it has 6,110 shares. Montag A & has 9,283 shares for 0.08% of their portfolio. Nbt Savings Bank N A reported 11,000 shares stake. 10 holds 0.41% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 19,249 shares. 171,616 were reported by Aviva Public Ltd Limited Liability Company. Wilen Invest Management Corporation invested in 21,030 shares or 0.97% of the stock. Parametric Associate Ltd Liability accumulated 669,864 shares or 0.07% of the stock. Lmr Llp reported 8,201 shares or 0.09% of all its holdings. Moreover, Boston Advsr Limited Liability Corporation has 0.37% invested in Ingersoll-Rand PLC (NYSE:IR).

Ingersoll-Rand PLC (NYSE:IR) Ratings Coverage

Among 18 analysts covering Ingersoll-Rand Plc (NYSE:IR), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Ingersoll-Rand Plc has $10500 highest and $53 lowest target. $80.35’s average target is -10.16% below currents $89.44 stock price. Ingersoll-Rand Plc had 48 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Sector Perform” rating and $63 target in Wednesday, October 28 report. The firm earned “Buy” rating on Monday, August 3 by Argus Research. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by BMO Capital Markets on Tuesday, July 18. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Sector Weight” rating given on Friday, September 9 by KeyBanc Capital Markets. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, October 27. Barclays Capital maintained Ingersoll-Rand PLC (NYSE:IR) on Monday, October 5 with “Equal-Weight” rating. Jefferies maintained Ingersoll-Rand PLC (NYSE:IR) rating on Monday, April 3. Jefferies has “Buy” rating and $90 target. The rating was downgraded by CLSA on Monday, April 4 to “Outperform”. Jefferies maintained the shares of IR in report on Monday, September 11 with “Buy” rating. On Friday, April 21 the stock rating was maintained by BMO Capital Markets with “Buy”.

The stock decreased 0.64% or $0.58 on September 15, reaching $89.44. About 2.45 million shares traded or 55.06% up from the average. Ingersoll-Rand PLC (NYSE:IR) has risen 39.42% since September 17, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

Wall Street await Ingersoll-Rand PLC (NYSE:IR) to release earnings on October, 25. Analysts forecast EPS of $1.44, up exactly $0.03 or 2.13 % from 2014’s $1.41 EPS. The expected IR’s profit could reach $365.31M giving the stock 15.53 P/E in the case that $1.44 earnings per share is reported. After posting $1.49 EPS for the previous quarter, Ingersoll-Rand PLC’s analysts now forecast -3.36 % negative EPS growth.

Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The company has market cap of $22.69 billion. The Company’s business divisions include Climate and Industrial. It has a 22.53 P/E ratio. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.

More recent Ingersoll-Rand PLC (NYSE:IR) news were published by: Seekingalpha.com which released: “Ingersoll-Rand Plc (IR) Q2 2017 Results – Earnings Call Transcript” on July 26, 2017. Also Nasdaq.com published the news titled: “Ingersoll-Rand plc (Ireland) (IR) Ex-Dividend Date Scheduled for September 07 …” on September 06, 2017. Businesswire.com‘s news article titled: “Ingersoll Rand to Present at the Morgan Stanley 5th Annual Laguna Conference” with publication date: September 12, 2017 was also an interesting one.

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