Ingersoll-Rand PLC (NYSE:IR) soared 0.46% during previous trade, a total of 2M shares exchanged hands compared with its average trading volume of 1.62M shares whereas its relative volume is 1.06. The stock has a market capitalization of $21.23B along with 259.51M outstanding shares. Stock’s intraday price range hit the peak level of $82.39 and touched the lowest level of $81.79.
Most recently Ingersoll-Rand PLC (NYSE:IR)’s price target was revised on 4/11/17 and according to 16 analysts stock’s price will reach at $84.94 during 52 weeks with standard deviation of 7.30. Stock’s minimum price target estimates has been figured out at $72 while the maximum price target forecast is established at $90, if we look at the price target with an optimistic approach it has upside potential of 19% from its latest closing price of $82.24.
Historically, if we look at price target revisions, two weeks ago Ingersoll-Rand PLC (NYSE:IR)’s price target was revised on 3/23/17 by the analysts, however the bullish price estimates of the stock set at $90 while the bearish estimates kept at $72 over the next one year. Stock’s 52-week target was retained at $82.42, the estimates indicates a standard deviation of 6.08.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.96. ABR value is precisely based on brokerage recommendations, where out of 13 brokerage recommendations 6 rate Ingersoll-Rand PLC (NYSE:IR) stock a Strong Buy, 1 rate the stocks of the company a Buy, 6 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 3/20/17 the stock of Ingersoll-Rand PLC (NYSE:IR) upgraded by Wells Fargo from Market Perform to Outperform. However previously on 11/16/16 it was downgraded by Buckingham Research from Buy to Neutral. A research note issued on 9/9/17 the stock was downgraded by KeyBanc Capital Mkts from Overweight to Sector Weight.
Ingersoll-Rand PLC (NYSE:IR) performance over the past one year soared 31.57% whereas its year to date (YTD) performance indicated a bullish trend of 10.15%. During the last six months the stock climbed 27.07%. Quarterly performance of the company shows optimistic momentum of 6.97% while its last one month trend is positive with 2.10%. Stock’s weekly performance expressed down trend of -0.46%.
The company’s price sits 2.25% above from its 50-day moving average of $80.61 and 13.60% far from the stock’s 200-day moving average which is $76.14. Ingersoll-Rand PLC (NYSE:IR)’s shares are currently trading -2.08% away from the 52-week high price of $83.99 and +41.27% far from the 52-week low price of $58.21.
According to consensus agreement of 18 analysts Ingersoll-Rand PLC (NYSE:IR) will report earnings per share of $0.53 in their quarterly report and it is expected to announce the company’s results on 4/26/17 Before Market Open. For the current quarter the company has high EPS estimates of $0.56 in contradiction of low EPS estimates of $0.5. However a year ago for the same quarter the company has reported $0.5 EPS. Current year EPS projections for Ingersoll-Rand PLC (NYSE:IR) set at $4.47 according to the sentiments of 21 analysts, while its lowest earnings estimates are $4.4 and highest earnings estimates are $4.55.
According to 15 analysts, Ingersoll-Rand PLC (NYSE:IR)’s revenue estimates for the current quarter are $2.94B meanwhile the company has high revenue estimates of $2.97B in contradiction of low revenue estimates of $2.91B. For the current year the company’s revenue estimates are $13.79B compared to low analyst estimates of $13.7B and high estimates of $13.87B according to the projection of 19 analysts.