Ingersoll Rand Stock: Is Wall Street Bullish or Bearish?

Core Insights - Ingersoll Rand Inc. (IR) is a North Carolina-based industrial company with a market cap of $30.3 billion, providing critical technologies and services across various industries [1] Performance Overview - Over the past 52 weeks, IR shares have declined by 21.5%, significantly underperforming the S&P 500 Index, which gained 17.7% during the same period [2] - Year-to-date, IR stock is down 15.6%, while the S&P 500 has increased by 16.6% [2] - IR has also underperformed the Industrial Select Sector SPDR Fund (XLI), which returned 14.5% over the past 52 weeks and 17.7% year-to-date [3] Q3 Financial Results - On October 30, IR reported Q3 results, with revenue increasing by 5.1% year-over-year to $2 billion, slightly exceeding consensus estimates [4] - Adjusted EPS rose by 2.4% from the previous year to $0.86, meeting analyst expectations [4] - A decline in organic revenue and adjusted EBITDA margin in the Industrial Technologies and Services (IT&S) segment indicated weakness in a key business area, impacting investor sentiment [4] Earnings Expectations - For the current fiscal year ending in December, analysts project IR's EPS to grow by 1.3% year-over-year to $3.22 [5] - The company's earnings surprise history is mixed, having met consensus estimates in three of the last four quarters [5] Analyst Ratings and Price Targets - Among 15 analysts covering IR, the consensus rating is a "Moderate Buy," consisting of seven "Strong Buy" and eight "Hold" ratings [5] - Nathan Jones from Stifel Financial Corp. maintained a "Hold" rating on IR with a price target of $79, indicating a potential upside of 3.5% [6] - The mean price target of $92 suggests a 20.5% premium from current levels, while the highest price target of $104 indicates a potential upside of 36.3% [6]