IR stock: buy or sell?
August 23rd, 2019
Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments.
Should I buy IR stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Ingersoll-Rand plc (Ireland) stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Ingersoll-Rand plc (Ireland) stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we collected 15 ratings published for IR stock in the last month. The general sentiment of these ratings is bullish for IR stock, with 10 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-31||Credit Suisse Group||n/a||Outperform|
|2019-7-2||Jefferies Financial Group||Buy||Hold|
|2019-5-1||Wells Fargo & Co||Market Perform||Market Perform|
|2019-5-1||Credit Suisse Group||n/a||Outperform|
|2019-4-4||Bank of America||Neutral||Buy|
|2019-3-5||Goldman Sachs Group||Buy||Conviction-Buy|
|2019-3-18||Wells Fargo & Co||Outperform||Market Perform|
|2019-1-31||Credit Suisse Group||n/a||Outperform|
IR stock analysis
Ingersoll-Rand plc (Ireland) shares slipped -2.57% to $114.96 yesterday.
Ingersoll-Rand plc (Ireland) shares slipped -2.57% to $114.96 yesterday. On Jul 16th, IR hit new all time highs, pushing higher previous ATH of $128.00 recorded on July. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Ingersoll-Rand plc (Ireland) dropped a rough -2.48% this week. With this, it's been 5 red weeks in a row, sliding $-9.74 or a -7.69%.
Ingersoll-Rand plc (Ireland) stock dropped through the support what triggered further losses. Possible next supports for IR stock are 110.329 and 84.36. Not so far away is the last price record Ingersoll-Rand plc (Ireland) marked by mid July. Late January IR price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Late February, SMA10w and SMA20w crossed up triggering a rise of 9.12%.
IR stock price history
IR stock went public on March 17th, 1980 with a price of $1.211. Since then, IR stock surged a 9,400.80%, with an average of 241.00% per year. If you had invested $1,000 in IR stock in 1980, it would worth $94,008.00 today.
1: Adjusted price after possible price splits or reverse-splits.
IR stock historical price chart
IR stock reached all-time highs on July/16 with a price of $128.31.
IR stock price target is $128.10Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' IR stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 12 price targets for Ingersoll-Rand plc (Ireland) stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-31||Morgan Stanley||Raises Target||$137.00||$139.00||1.5%|
|2019-7-31||Credit Suisse Group||Raises Target||$138.00||$140.00||1.4%|
|2019-7-2||Jefferies Financial Group||Downgrades||n/a||$140.00||-|
|2019-5-1||Wells Fargo & Co||Raises Target||$113.00||$122.00||8%|
|2019-5-1||Credit Suisse Group||Reiterates||$122.00||$130.00||6.6%|
|2019-3-5||Goldman Sachs Group||Upgrades||n/a||$122.00||-|
|2019-3-18||Wells Fargo & Co||Downgrades||n/a||$113.00||-|
|2019-1-31||Credit Suisse Group||Reiterates||$108.00||$115.00||6.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when Ingersoll-Rand plc (Ireland) published its last earnings report, it gained a slightly fine 2.29%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Ingersoll-Rand plc (Ireland) annual turnover skyrocketed a great 10.36% to $15,668.20 M USD from $14,197.60 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) stayed constant a -0.64% to 8.54%. To have an updated view of the financial situation of Ingersoll-Rand plc (Ireland), we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Ingersoll-Rand plc (Ireland) TTM sales up to March 2019 were $15,859.60 and earnings were $1,417.10 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Ingersoll-Rand plc (Ireland) business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, raised a tiny 1.22%. Regarding profit margin, Ingersoll-Rand plc (Ireland) remained constant 0.40% to 8.54%
|2013||$12,350 M||-||$607 M4.9%||-|
|2014||$12,891 M||4.38%||$932 M7.2%||53.54%|
|2015||$13,301 M||3.17%||$665 M5.0%||-28.67%|
|2016||$13,509 M||1.57%||$1,476 M10.9%||122.12%|
|2017||$14,198 M||5.10%||$1,303 M9.2%||-11.76%|
|2018||$15,668 M||10.36%||$1,338 M8.5%||2.69%|
|TTM||$15,860 M||1.22%||$1,417 M8.9%||5.94%|
Quarterly financial resultsIngersoll-Rand plc (Ireland) posted $3,575.90 M in revenues for 2019-Q1, a -8.19% decline compared to previous quarter. Reported quarter earnings marked $199.90 M with a profit margin of 5.59%. Profit margin remained constant a -0.93% compared to previous quarter when profit margin was 6.52%. When comparing revenues to same quarter last year, Ingersoll-Rand plc (Ireland) sales marked a decent growth and jumped a 5.66%. Looking back to recent quarterly results, Ingersoll-Rand plc (Ireland) posted 3 negative quarters in a row.
|2017-Q2||$3,910 M||-||$350 M9.0%||-|
|2017-Q3||$3,670 M||-6.14%||$363 M9.9%||3.71%|
|2017-Q4||$3,618 M||-1.41%||$460 M12.7%||26.59%|
|2018-Q1||$3,385 M||-6.46%||$120 M3.6%||-73.82%|
|2018-Q2||$4,358 M||28.75%||$448 M10.3%||272.18%|
|2018-Q3||$4,031 M||-7.50%||$515 M12.8%||14.95%|
|2018-Q4||$3,895 M||-3.37%||$254 M6.5%||-50.69%|
|2019-Q1||$3,576 M||-8.19%||$200 M5.6%||-21.30%|
Ingersoll-Rand plc (Ireland) ownershipWhen you are planning to buy a company, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Ingersoll-Rand plc (Ireland), 0.39% of all outstanding shares are owned by its staff.
Bearish positions for IR stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Ingersoll-Rand plc (Ireland):
|Market cap||$27.7 B||$2.4 B||$26.8 M||$12.8 B||$5.3 B|
|Total shares||241.2 M||52.1 M||1.7 M||145.3 M||131.1 M|
|Float shares||240.7 M||40.5 M||0.5 M||143.4 M||130.9 M|
|- Institutional holdings (%)||84.3%||74.5%||17.1%||90.7%||106.7%|
|- Insider holdings (%)||0.4%||22.0%||78.5%||2.6%||0.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$114.49 - $117.88|
|Average true range||$2.32|
|50d mov avg||$122.76|
|100d mov avg||$120.59|
|200d mov avg||$110.07|
Ingersoll-Rand plc (Ireland) performanceTo better understand Ingersoll-Rand plc (Ireland) performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Ingersoll-Rand plc (Ireland) against AAON, Continental Materials, Dover, Flowserve, Lennox International, Parker-Hannifin and SPX in the following table: