Last Updated: 14 Sep 2024
Executive Summary
Ingersoll Rand Inc. (IR) is a leading global provider of industrial equipment and services. The company has a strong financial position with a market capitalization of $36.7 billion and an EBITDA of $1.83 billion. IR's trailing P/E ratio of 45.06 is above the industry average, but its forward P/E ratio of 25.06 is more attractive. The company's shares have traded in a range of $59.14 to $101.28 over the past 52 weeks. The latest stock price is $91.03.
Company Overview
Ingersoll Rand was founded in 1859 and is headquartered in Davidson, North Carolina. The company has a diverse portfolio of products and services that serve a wide range of industries, including manufacturing, construction, and transportation. IR's brands include Ingersoll Rand, Thermo King, and Club Car.
Fundamental Analysis
IR's financial performance has been strong in recent years. The company's revenue has grown by an average of 7% per year over the past five years. IR's profit margin has also improved in recent years, reaching 11.7% in 2023. The company's return on assets and return on equity are also above the industry average.
Technical Analysis
IR's stock price has been in a downtrend since early 2023. The stock price is currently below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The technical analysis suggests that IR's stock price is likely to continue to decline in the short term. The stock price is below its moving averages and the RSI is oversold. However, the company's strong fundamentals could provide support for the stock price.
Long Term Outlook
The long-term outlook for IR is positive. The company has a strong financial position and a diverse portfolio of products and services. IR is also well-positioned to benefit from the growing demand for industrial equipment and services.
Analyst Recommendations
Analysts are generally positive on IR's stock. The consensus analyst rating is "buy." The average analyst target price is $101.8.
