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Ingersoll Rand (IR) Stock Forecast & Price Target

$100.27
+0.32 (+0.32%)
(As of 07/23/2024 ET)

Ingersoll Rand - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 12 Wall Street analysts who have issued ratings for Ingersoll Rand in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 3 have given a hold rating, and 9 have given a buy rating for IR.

Consensus Price Target

$98.17
-2.10% Downside
High Forecast$112.00
Average Forecast$98.17
Low Forecast$73.00

According to the 12 analysts' twelve-month price targets for Ingersoll Rand, the average price target is $98.17. The highest price target for IR is $112.00, while the lowest price target for IR is $73.00. The average price target represents a forecasted downside of -2.10% from the current price of $100.27.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$98.17$97.00$92.73$66.11
Forecasted Upside-2.10% Downside10.64% Upside8.41% Upside12.95% Upside
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IR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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IR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Ingersoll Rand Stock vs. The Competition

TypeIngersoll RandIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.75
2.54
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-2.10% Downside38.53% Upside9.72% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetBuy ➝ Buy$100.00 ➝ $110.00+12.03%
7/10/2024Barclays
2 of 5 stars
 Boost TargetOverweight ➝ Overweight$104.00 ➝ $106.00+12.31%
7/10/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$98.00 ➝ $102.00+9.23%
6/21/2024Jefferies Financial Group
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 Initiated CoverageBuy$110.00+18.05%
5/6/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$107.00 ➝ $109.00+25.69%
4/8/2024Citigroup
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 Boost TargetBuy ➝ Buy$105.00 ➝ $112.00+19.10%
3/12/2024BNP Paribas
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 Initiated CoverageNeutral$92.00+2.79%
2/21/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$87.00 ➝ $97.00+10.25%
2/20/2024Evercore ISI
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 DowngradeOutperform ➝ In-Line$81.00 ➝ $89.00-0.53%
2/16/2024Cfra
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 Boost TargetHold ➝ Hold$68.00 ➝ $85.00-6.72%
1/29/2024UBS Group
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 Boost TargetBuy ➝ Buy$78.00 ➝ $93.00+17.19%
8/4/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$70.00 ➝ $73.00+8.13%
4/12/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetHold$55.00 ➝ $56.00+0.72%
11/4/2022Credit Suisse Group
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 Boost TargetNeutral$44.00 ➝ $53.00+3.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:52 PM ET.

IR Forecast - Frequently Asked Questions

What is Ingersoll Rand's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Ingersoll Rand is $98.17, with a high forecast of $112.00 and a low forecast of $73.00.

Should I buy or sell Ingersoll Rand stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingersoll Rand in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IR shares.

Does Ingersoll Rand's stock price have much upside?

According to analysts, Ingersoll Rand's stock has a predicted upside of 10.63% based on their 12-month stock forecasts.

What analysts cover Ingersoll Rand?

Ingersoll Rand has been rated by research analysts at Barclays, Jefferies Financial Group, Robert W. Baird, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Ingersoll Rand more than its competitors?

Analysts like Ingersoll Rand more than other "industrial products" companies. The consensus rating score for Ingersoll Rand is 2.75 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how IR compares to other companies.


This page (NYSE:IR) was last updated on 7/23/2024 by MarketBeat.com Staff

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