Headlines about Ingersoll-Rand PLC (Ireland) (NYSE:IR) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ingersoll-Rand PLC (Ireland) earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 95 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Ingersoll-Rand plc (Ireland) (NYSE:IR) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
- Earnings Review and Free Research Report: Honeywell Reported Better Than Expected Results (finance.yahoo.com)
- Ingersoll-Rand Plc :IR-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017 (finance.yahoo.com)
- FY2018 Earnings Forecast for Ingersoll-Rand PLC (Ireland) (NYSE:IR) Issued By KeyCorp (americanbankingnews.com)
- Ingersoll-Rand PLC (Ireland) (NYSE:IR) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
A number of equities analysts have recently commented on IR shares. Stifel Nicolaus raised their target price on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Credit Suisse Group reaffirmed a “buy” rating and set a $84.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, April 11th. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Friday, June 16th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $97.43.
Ingersoll-Rand PLC (NYSE IR) traded up 0.87% on Friday, hitting $88.54. 1,608,774 shares of the stock traded hands. The firm has a market cap of $22.46 billion, a price-to-earnings ratio of 21.98 and a beta of 1.32. Ingersoll-Rand PLC has a 12-month low of $62.40 and a 12-month high of $94.39. The stock has a 50-day moving average of $91.13 and a 200-day moving average of $84.98.
Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.03. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. Analysts forecast that Ingersoll-Rand PLC will post $4.54 earnings per share for the current year.
In other news, insider Paul A. Camuti sold 6,960 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $89.90, for a total value of $625,704.00. Following the completion of the transaction, the insider now owns 64,979 shares in the company, valued at approximately $5,841,612.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert Zafari sold 1,483 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $89.59, for a total transaction of $132,861.97. Following the completion of the transaction, the executive vice president now owns 66,944 shares of the company’s stock, valued at approximately $5,997,512.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,943 shares of company stock valued at $1,072,306. Corporate insiders own 0.65% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Positive Press Coverage Extremely Likely to Impact Ingersoll-Rand PLC (Ireland) (NYSE:IR) Share Price” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/07/30/ingersoll-rand-plc-ireland-nyseir-earns-news-sentiment-score-of-0-29-updated-updated-updated.html.
About Ingersoll-Rand PLC (Ireland)
Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.
Receive News & Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related companies with MarketBeat.com's FREE daily email newsletter.