Barclays (LON:BARC) analyst Julian Mitchell maintained a Buy rating on Ingersoll Rand (NYSE:IR) on Thursday, setting a price target of $43, which is approximately 6.83% above the present share price of $40.25.
Mitchell expects Ingersoll Rand to post earnings per share (EPS) of -$0.43 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Ingersoll Rand, with an average price target of $41.75.
The analysts price targets range from a high of $44 to a low of $38.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.26 billion and a net profit of -$3.4 million. The company's market cap is $16.81 billion.
According to TipRanks.com, Barclays analyst Julian Mitchell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.4% and a 70.28% success rate.
Gardner Denver Holdings Inc is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services. It manufactures compressor, pump, vacuum and blower products in its markets. Its segments are Industrials, Energy, and Medical. In the Industrials segment, the company designs, manufactures, markets and services a broad range of air compression, vacuum and blower products across a wide array of technologies and applications. In the Medical segment, it designs, manufactures and markets specialized gas, liquid and precision syringe pumps, and compressors for use in the medical, laboratory and biotechnology end markets.