Ingersoll Rand Inc. (NYSE:IR) price closed lower on Tuesday, September 14, dropping -0.83% below its previous close.
A look at the daily price movement shows that the last close reads $54.00, with intraday deals fluctuated between $52.87 and $54.32. The company’s 5Y monthly beta was ticking 1.52 while its P/E ratio in the trailing 12-month period read 55.32. Taking into account the 52-week price action we note that the stock hit a 52-week high of $55.62 and 52-week low of $34.02. The stock added 2.14% on its value in the past month.
Ingersoll Rand Inc., which has a market valuation of $22.15 billion, is expected to release its quarterly earnings report Nov 01, 2021 – Nov 05, 2021. Analysts tracking IR have forecast the quarterly EPS to grow by 0.48 per share this quarter, while the same analysts predict the annual EPS to hit $1.87 for the year 2021 and up to $2.18 for 2022. In this case, analysts estimate an annual EPS growth of 20.60% for the year and 16.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.28 billion, with the likely lows of $1.25 billion and highs of $1.3 billion. The average estimate suggests sales growth for the quarter will likely rise by 0.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $5.09 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 3.70% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 3 upward and no downward reviews. On the technical perspective front, indicators give IR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.16. The overview shows that IR’s price is at present 2.41% off the SMA20 and 6.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.84, with weekly volatility standing at 2.90%. The indicator jumps to 2.26% when calculated based on the past 30 days. Ingersoll Rand Inc. (NYSE:IR)’s beta value is holding at 1.52, while the average true range (ATR) indicator is currently reading 1.28.
Turning out attention to how the Ingersoll Rand Inc. stock has performed in comparison to its peers in the industry, here’s what we find: IR’s stock is -0.83% on the day and 47.44% in the past 12 months, while Deere & Company (DE) traded -1.53% in the last session and was positioned 63.05% up on its price 12 months ago. As for Ingersoll Rand Inc., the P/E ratio stands at 55.32 higher than that of Deere & Company’s at 20.62. Elsewhere in the market, the S&P 500 Index has stumbled -0.57% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.84%.
An analysis of the Ingersoll Rand Inc. (NYSE:IR) stock in terms of its daily trading volume indicates that the 3-month average is 2.65 million. However, this figure increases on the past 10-day timeline to an average of 3.36 million.
Current records show that the company has 419.90M in outstanding shares. The insiders’ percentage holdings are 0.35% of outstanding shares while the percentage share held by institutions stands at 98.10%. The stats also highlight that short interest as of Jul 14, 2021, stood at 4.78 million shares, which puts the short ratio at the time at 1.86. From this we can glean that short interest is 1.14% of company’s current outstanding shares. Notably, we see that shares short in July fall slightly given the previous month’s figure stood at 5.42 million. But the 17.54% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.