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Market Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Conference

[Business Wire] – Susan K. Carter, senior vice president and chief financial officer, of Ingersoll Rand plc , a world leader in creating comfortable, sustainable and efficient environments, will discuss the company’s long-term strategy, starting at 7:25 am EDT, Tuesday, March 15, 2016, at the Bank of America Merrill Lynch Global Industrials & EU Autos Conference in London. Read more on this. Ingersoll-Rand Plc (IR) , with a current market cap of $14.72B, began trading this morning at $57.22. Today’s price range has been between $56.98 and $57.55 per share with the price of the stock fluctuating between $47.08 to $70.93 over the last 52 weeks. Ingersoll-Rand (IR) shares are currently priced at 14.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.10x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.28 per share annually in dividends, yielding 2.23%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.37 per share, which would be $0.01 worse than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $3.89 is a $0.16 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.88 Billion. If reported, that would be a 0.35% decrease over the year-ago quarter. Recently, Nomura upgraded IR from Neutral to Buy (Mar 7, 2016). Previously, Stifel upgraded IR from Hold to Buy. The average price target for IR shares by the analysts covering it is $63.43, which is 10.85% above where the stock opened. See more in (NYSE:IR) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Present At Bank Of America Merrill Lynch Global Industrials & EU Autos Conference Market Update (NYSE:IR): Ingersoll Rand to Present at Goldman Sachs Industrials Conference Stock Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand Marks Climate Commitment Achievement at White House HFC Reduction Roundtable
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