We have issued an updated research report on Ingersoll-Rand plc (NYSE:IR) on Jan 21.
This industrial machinery maker currently carries a Zacks Rank #4 (Sell). This is a revision from its earlier Zacks Rank #3 (hold). Its market capitalization is approximately $23.6 billion.
Let’s delve deeper and discuss what led to the company’s poor investment appeal.
Share Price Performances & Earnings Estimate Revision: In the past month, Ingersoll-Rand’s shares underperformed the industry, with respective yields of 11.4% and 14.4%.
Further, the company’s earnings estimates have been lowered during the same timeframe. The Zacks Consensus Estimate for earnings is pegged at $6.30 for 2019, reflecting a 0.2% decline from the 30-day-ago tally. It is worth mentioning here that the company’s estimates for 2018 remained unchanged at $5.58.
Ingersoll-Rand PLC (Ireland) Price and Consensus
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