Stock Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Electrical Products Group Conference

[Business Wire] – Susan K. Carter, senior vice president and chief financial officer, of Ingersoll-Rand plc , a world leader in creating comfortable, sustainable and efficient environments, will discuss the company’s long-term strategy, starting at 10:00 a.m. Read more on this. Ingersoll-Rand Plc (IR) , with a current market cap of $16.98B, began trading this morning at $65.95. Looking at the equity, the company’s one day range is $65.66 to $66.28 and has traded between $47.08 and $70.93 over the past 12 months. IR shares are currently priced at 16.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.76x earnings multiple for the same period. The company pays shareholders $1.28 per share in dividend income per year, for a current yield of 1.94%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.30 per share, which would be $0.10 better than the year-ago quarter and a $0.07 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $4.07, which would be a $0.34 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.70 Billion. If reported, that would be a 2.78% increase over the year-ago quarter. Recently, Buckingham Research upgraded IR from Neutral to Buy (Apr 14, 2016). Previously, Credit Agricole downgraded IR from Buy to Outperform. With the above information in mind, readers should note that the average price target is $72.00, which is 9.17% above where the stock opened this morning. See more in (NYSE:IR) Similar Articles: Company Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand Introduces Ultra-Compact Impactools™ For Technicians Operating in Tight Spaces Market Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Conference Stock Update (NYSE:IR): Ingersoll Rand Schedules Conference Call and Webcast to Announce Fourth-Quarter 2015 Financial Results
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