IR – Stock Analysis & News (2024-03-24)

IR-Ingersoll Rand Inc. trend:

The current price of Ingersoll Rand Inc. (IR) stands at 63.2, with a weekly forecast of +2.5% and a monthly forecast of +5.3%.

Forecast table:

  • Weekly Forecast: 🟢 +2.5%
  • Monthly Forecast: 🟢 +5.3%

Recent News and Impact on Price Expectation:

  • 🔴 Ingersoll Rand (NYSE:IR) was downgraded by analysts at from a “buy” rating to a “hold” rating. This downgrade may lead to some investor uncertainty, potentially causing a slight decrease in the stock price.
  • 🟢 upgraded shares of Ingersoll Rand (NYSE:IR) from a hold rating to a buy rating. This upgrade could attract more investors and drive the stock price higher.
  • 🔴 Ingersoll Rand Inc. insider Vicente Reynal sold 240,000 shares of the firm’s stock. Insider selling can sometimes signal a lack of confidence in the company’s future performance, potentially leading to a decrease in the stock price.
  • 🟢 Ingersoll Rand (NYSE:IR) had its price target boosted by The Goldman Sachs Group. An increased price target from a reputable source could attract more investors and push the stock price higher.
  • 🔴 cut shares of Ingersoll Rand (NYSE:IR) from a buy rating to a hold rating. This downgrade may result in a temporary decrease in the stock price as investors reevaluate their positions.

Impact on Price:

Ingersoll Rand Inc. (IR) has been subject to various rating changes and insider selling activities recently. While some upgrades and increased price targets could drive the stock price higher, downgrades and insider selling may lead to short-term declines. Overall, the stock seems to have a positive outlook with the monthly forecast indicating a potential 5.3% increase. Investors should closely monitor any further developments and analyst recommendations to make informed decisions about their investments in Ingersoll Rand Inc.

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