Yesterday’s Analyst’s Downgrade: Ingersoll-Rand PLC (IR)

Ingersoll-Rand PLC (NYSE:IR) received a stock rating downgrade from Credit Agricole on Apr-04-16. In a note to investors, the firm issued an Outperform rating. The analysts previously had a Buy rating on the stock.

Analysts have a consensus target price of $ 63.76 in the 12-month period. The price objective is 3.79% higher than the recent closing price of $ 61.43. The 52-week price range is $ 46.82 – 69.49 and the company has a market capitalization of $ 15.76B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 6 has assigned a hold rating, 1 says it’s a buy, and 7 have assigned a strong buy rating to the company.

On April 4, 2016 Ingersoll-Rand PLC (IR) a world leader in creating comfortable, sustainable and efficient environments, will release its 2016 first-quarter financial results on Tuesday, April 26, 2016, at 6:30 a.m. EDT.

On the same day, Michael W. Lamach, chairman and chief executive officer, and Susan K. Carter, senior vice president and chief financial officer, will hold a conference call for analysts and investors, beginning at 10 a.m. EDT, to review the company’s results.

A real-time, listen-only webcast of the conference call will be broadcast live over the Internet. Individuals wishing to listen can access the call through the company’s website at www.ingersollrand.com.

For those unable to listen to the live event, a replay will be available at approximately 1 p.m. EDT, April 26, 2016, on the company’s website or by telephone by dialing 855-859-2056 (domestic) or 404-537-3406 (international), conference code 82767869. The replay by telephone will be available through midnight, May 3, 2016.

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. The company,s Climate segment offers building management, bus and rail HVAC, control, container and cryogenic refrigeration, diesel-powered refrigeration, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, and vehicle-powered truck refrigeration systems. It also provides aftermarket and OEM parts and supplies, air conditioners, air exchangers and handlers, airside and terminal devices, auxiliary power units, chillers, coils and condensers, gensets, furnaces, heat pumps, home automation, humidifiers, hybrid and non-diesel transport refrigeration solutions, indoor air quality, industrial refrigeration, motor replacements, performance contracting, refrigerant reclamation, thermostats/controls, transport heater products, and water source heat pumps.

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