Ingersoll Rand Inc. Common Stock | IR

Daily Technical Analysis of Ingersoll Rand Inc. Common Stock

Ingersoll Rand is up a bit on the day, funds flowing in kept the price up 1.35% since yesterday. It looks like IR may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line IR is near a weak support line. We'll see if it bounces off or heads lower. Ingersoll Rand hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.

If we get a reversal off of support and Ingersoll Rand starts moving up, it can probably get to $94.5 at which point it'll need to break through that resistance level in order to keep moving higher. If Ingersoll Rand continues to break down lower from here, it'll likely fall until it gets to $74.72 at which point previous buyers at this level may move in and give it support.

Analyst Ratings for Ingersoll Rand By Price Target And Rating

The analysts are pretty neutral on Ingersoll Rand right now, so not much useful information here. The current Analysts Sentiment Score is 0.46. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. BNP Paribas initiated a rating of Neutral on 2024-03-12 and added a price target of $92.00. On 2024-02-21 The Goldman Sachs Group increased their price target by 11.49% to $97.00. On 2024-02-20 there was a downgrade announced by Evercore ISI from Outperform to In-Line but also increased their price target by 9.88% to $89.00. Wells Fargo & Company boosted their price targ by 20.48% to $100.00 on 2024-02-20. Cfra provided a price target boost of 25% to $85.00 from $68.00 on 2024-02-16. On 2024-01-29 UBS Group increased their price target by 19.23% to $93.00. On 2023-12-11 Citigroup increased their price target by 8.86% to $86.00. Stifel Nicolaus upgraded from Hold to Buy on 2023-10-24 and provided a price target of $73.00. On 2023-09-07 Barclays lowered their price target by -2.63% to $74.00. Morgan Stanley gave a boost to their price target and moved to $73.00 from $70.00 on 2023-08-04.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Ingersoll Rand

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Ingersoll Rand

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.