Last Updated: 07 Nov 2024
Executive Summary
Ingersoll Rand Inc. (IR) is a global provider of industrial equipment, technologies, and related services. The company has a market capitalization of $39.37 billion and trades on the NYSE. IR's latest stock price is $102.98, and its 52-week range is $66.24 to $103.25.
Company Overview
Ingersoll Rand was founded in 1859 and is headquartered in Davidson, North Carolina. The company operates in four segments: Industrial Technologies, Climate Technologies, Precision and Science Technologies, and Global Services. IR's products and services are used in a wide range of industries, including manufacturing, construction, transportation, and healthcare.
Fundamental Analysis
IR's financial performance has been strong in recent years. The company's revenue has grown at a CAGR of 5.4% over the past five years, and its EPS has grown at a CAGR of 10.2%. IR's profit margins are also healthy, with an operating margin of 20.7% and a net margin of 11.7%.
IR's balance sheet is also strong. The company has a low level of debt and a high level of cash and equivalents. IR's Altman Z-Score is 4.5, which indicates that the company is in a good financial position.
Technical Analysis
IR's stock price has been in a strong uptrend in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also in bullish territory, indicating that the stock is overbought.
Short Term Outlook
IR's stock price is likely to continue to rise in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is a good buy.
Long Term Outlook
IR's long-term outlook is also positive. The company is well-positioned to benefit from the growing demand for industrial equipment and services. IR's strong brand recognition and global reach should also help the company to continue to grow in the years to come.
Analyst Recommendations
The majority of analysts have a buy rating on IR's stock. The average analyst target price is $104.88, which represents a potential upside of 1.8% from the current price.
