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Company Update (NYSE:IR): Ingersoll Rand Reports Results of Voting From 2016 Annual General Meeting

[Business Wire] – Ingersoll-Rand plc , a world leader in creating comfortable, sustainable and efficient environments, held its 2015 Annual General Meeting of shareholders in Straffan, Ireland. Read more on this. Ingersoll-Rand Plc (IR) , with a current value of $17.14B, started the session at $66.22. Looking at the equity, the company’s one day range is $66.01 to $66.57 and has traded between $47.08 and $70.47 over the past year. IR shares are currently priced at 16.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.59x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.28 per share annually in dividends, yielding 1.92%. According to a consensus of 21 analysts, the earnings estimate of $1.30 per share would be $0.10 better than the year-ago quarter and a $0.07 sequential increase. Investors should also note that the full-year EPS estimate of $4.09 is a $0.36 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.70 Billion. If reported, that would be a 2.78% increase over the year-ago quarter. Recently, Buckingham Research upgraded IR from Neutral to Buy (Apr 14, 2016). Previously, Credit Agricole downgraded IR from Buy to Outperform. The average price target for IR shares by the analysts covering the stock is $72.79, which is 9.92% above where the stock opened this morning. See more in (NYSE:IR) Similar Articles: Stock Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Electrical Products Group Conference Company Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand Introduces Ultra-Compact Impactools™ For Technicians Operating in Tight Spaces Market Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Conference
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