Ingersoll Rand ( (IR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Ingersoll Rand’s stock took a hit after the company reported Q1 results that fell short of expectations, with adjusted EPS and revenue missing analyst predictions. This prompted analysts to lower their price targets, pointing to the underwhelming financial performance and the recent $27 million acquisition of G&D Chillers and Advanced Gas as potential drags on future profitability. Despite these challenges, the company remains optimistic about achieving a 3%-5% revenue growth by 2025, supported by positive organic orders and a strong book-to-bill ratio.
More about Ingersoll Rand
YTD Price Performance: -16.60%
Average Trading Volume: 3,102,626
Technical Sentiment Signal: Buy
Current Market Cap: $30.4B
For further insights into IR stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.