Ingersoll-Rand PT Raised to $42.00 by UBS AG (IR)

Research analysts at UBS AG (NYSE: UBS) increased their price target on shares of Ingersoll-Rand (NYSE: IR) from $41.00 to $42.00 in a report issued on Thursday. They currently have a “buy” rating on the company’s shares.

Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Ingersoll-Rand in a research note to investors on Thursday. Analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Ingersoll-Rand from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. Also, analysts at MKM Partners raised their price target on shares of Ingersoll-Rand from $40.00 to $43.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.

Ingersoll-Rand plc (IR-Ireland) is a diversified company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, and secure homes and commercial properties. IR-Ireland operates in four business segments: Climate Solutions, Residential Solutions, Industrial Technologies and Security Technologies. It generates revenue and cash primarily through the design, manufacture, sale and service of a diverse portfolio of industrial and commercial products that include American Standard, Club Car, Hussmann, Ingersoll-Rand, LCN, Schlage, Thermo King, Von Duprin and Trane. In September 2011, the Company sold 60% in the Hussmann business.

Ingersoll-Rand opened at 37.98 on Thursday. Ingersoll-Rand has a 1-year low of $25.86 and a 1-year high of $52.33. The stock has a 50-day moving average of $34.27 and a 200-day moving average of $32.10. The company has a market cap of $11.856 billion and a price-to-earnings ratio of 42.10.

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Posted by Web Inquirer Staff on 11 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.