IR stock: buy or sell?

IR stock price: $114.96 -2.57% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

3

Ingersoll-Rand plc (Ireland) slipped a shocking -2.57% and closed at $114.96.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean IR will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
Is IR a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-31Morgan Stanleyn/aOverweight
2019-7-31Credit Suisse Groupn/aOutperform
2019-7-30Cowenn/aBuy
2019-7-2Jefferies Financial GroupBuyHold
2019-5-1Wells Fargo & CoMarket PerformMarket Perform
2019-5-1KeyCorpn/aOverweight
2019-5-1Deutsche BankHoldBuy
2019-5-1Credit Suisse Groupn/aOutperform
2019-5-1BarclaysOverweightOverweight
2019-4-4Bank of AmericaNeutralBuy
2019-4-3BarclaysOverweightOverweight
2019-3-5Goldman Sachs GroupBuyConviction-Buy
2019-3-18Wells Fargo & CoOutperformMarket Perform
2019-3-13Deutsche Bankn/aHold
2019-1-31Credit Suisse Groupn/aOutperform

IR stock analysis

Daily outlook

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.

IR stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $128.10

Predicting 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:
IR stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-31Morgan StanleyRaises Target$137.00$139.001.5%
2019-7-31Credit Suisse GroupRaises Target$138.00$140.001.4%
2019-7-30CowenReiteratesn/a$131.00-
2019-7-2Jefferies Financial GroupDowngradesn/a$140.00-
2019-5-1Wells Fargo & CoRaises Target$113.00$122.008%
2019-5-1KeyCorpReiterates$130.00$135.003.8%
2019-5-1Credit Suisse GroupReiterates$122.00$130.006.6%
2019-5-1BarclaysRaises Target$115.00$135.0017.4%
2019-4-3BarclaysRaises Target$111.00$115.003.6%
2019-3-5Goldman Sachs GroupUpgradesn/a$122.00-
2019-3-18Wells Fargo & CoDowngradesn/a$113.00-
2019-1-31Credit Suisse GroupReiterates$108.00$115.006.5%
(in average)$121.80$128.105.0%
Moving in a range from $140.00 and $113.00, the price target for Ingersoll-Rand plc (Ireland) stock is $128.10. In average, analysts' outlook on IR price forecast is positive, increasing the forecast by a 5.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.
IR earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.36n/a
2017-Q32017-10-251.431.440.7%
2017-Q42018-01-311.031.02-1.0%
2018-Q12018-04-250.620.712.9%
2018-Q22018-07-251.721.857.6%
2018-Q32018-10-241.721.751.7%
2018-Q42019-01-301.281.323.1%
2019-Q12019-04-230.8n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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%

IR annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$12,350 M-$607 M4.9%-
2014$12,891 M4.38%$932 M7.2%53.54%
2015$13,301 M3.17%$665 M5.0%-28.67%
2016$13,509 M1.57%$1,476 M10.9%122.12%
2017$14,198 M5.10%$1,303 M9.2%-11.76%
2018$15,668 M10.36%$1,338 M8.5%2.69%
TTM $15,860 M1.22%$1,417 M8.9%5.94%

Quarterly financial results

Ingersoll-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.
IR quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
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 M28.75%$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) ownership

When 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):

IRAAONCUODOVFLS
Market cap$27.7 B$2.4 B$26.8 M$12.8 B$5.3 B
Total shares241.2 M52.1 M1.7 M145.3 M131.1 M
Float shares240.7 M40.5 M0.5 M143.4 M130.9 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 selling0.0%0.0%0.0%0.0%0.0%

IR summary

Friday, August 23rd, 2019
Open$117.14
Close$114.96
Day range$114.49 - $117.88
Previous close$117.99
Session gain-2.57%
Average true range$2.32
50d mov avg$122.76
100d mov avg$120.59
200d mov avg$110.07
Daily patternlt03c
Weekly pattern lt06c

Ingersoll-Rand plc (Ireland) performance

To 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:
Stock3m6m12m
IR-3.94%9.12%17.71%
AAON -1.96%8.45%11.09%
CUOContinental Mater...-16.00%38.04%-3.96%
DOVDover-2.53%-3.54%6.90%
FLSFlowserve-16.63%-12.52%-20.54%
LIILennox Internatio...-7.99%1.74%15.55%
PHParker-Hannifin-0.13%-9.60%-6.11%
SPXCSPX-0.73%21.23%0.85%

Ingersoll-Rand plc (Ireland) competitors

One check before trading any stock is to have a look a list of its competitors, in this case for Ingersoll-Rand plc (Ireland). We chose 7 companies as Ingersoll-Rand plc (Ireland) competitors as they are in the same industry or have similar market objectives.