- Ingersoll Rand (IR, Financial) expands its reach in the air and gas compressor market through a strategic acquisition.
- Analysts project a potential upside for IR stock, with forecasts suggesting it may outperform its current valuation.
- Despite a positive outlook, some valuations hint at a possible downside based on historical data trends.
Ingersoll Rand's Strategic Acquisition
In a significant move to bolster its market presence, Ingersoll Rand (IR) has acquired Termomeccanica Industrial Compressors along with its subsidiary, Adicomp, for a total of €160 million. This acquisition is set to enhance Ingersoll Rand's capabilities in the air and gas compressor sector. Notably, it positions the company advantageously within the renewable natural gas solutions market, while also extending its geographical footprint across North America, Brazil, and India.
Wall Street Analysts Forecast
According to the one-year price targets from 14 analysts, Ingersoll Rand Inc (IR, Financial) is expected to reach an average target price of $89.51. Projections suggest a high estimate of $101.00 and a low estimate of $77.00. The average target indicates a potential upside of 4.93% from its current price of $85.30. For a more comprehensive analysis, investors can visit the Ingersoll Rand Inc (IR) Forecast page.
The consensus from 17 brokerage firms rates Ingersoll Rand Inc (IR, Financial) at 2.3, classifying it as "Outperform." The rating scale ranges from 1, indicating a Strong Buy, to 5, which represents a Sell.
Evaluating the GF Value Estimate
From GuruFocus estimates, Ingersoll Rand Inc (IR, Financial) carries an estimated GF Value of $82.50 for the upcoming year, pointing to a potential downside of 3.28% from its existing price of $85.30. The GF Value represents GuruFocus' fair value estimation, incorporating historical stock trading multiples, prior business growth, and anticipated future performance metrics. For further detailed insights, refer to the Ingersoll Rand Inc (IR) Summary page.
