UBS Maintains a 'Buy' on Ingersoll-Rand (IR); Guidance Reflects Limited Recovery in '12
Tweet
Share
E-mailGet Alerts IR Hot Sheet
Price: $83.34 -1.12%
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Ingersoll-Rand (NYSE: IR) price target raised from $41 to $42.
UBS analyst says, "IR provided initial ‘12 EPS guidance of $2.90-$3.10, below the cons. of $3.12, while the 1Q outlook fell well short of expectations ($0.20-0.26 vs. consensus $0.45 and $0.35 in 1Q11). However, guidance reflects $0.30 of restructuring and investments ($0.16 in 1Q) that we doubt was fully reflected in the consensus. We see upside to FY12 guidance, and note that mgmt’s outlook for the macro environment next year is relatively muted relative to other industrial companies, and reflects no growth in the commercial and residential construction related end markets."
UBS lowers FY12 EPS estimate from $3.30 to $3.20 and FY13$4.00 to $3.65.
For an analyst ratings summary and ratings history on Ingersoll-Rand click here. For more ratings news on Ingersoll-Rand click here.
Shares of Ingersoll-Rand closed at $37.99 yesterday.
UBS analyst says, "IR provided initial ‘12 EPS guidance of $2.90-$3.10, below the cons. of $3.12, while the 1Q outlook fell well short of expectations ($0.20-0.26 vs. consensus $0.45 and $0.35 in 1Q11). However, guidance reflects $0.30 of restructuring and investments ($0.16 in 1Q) that we doubt was fully reflected in the consensus. We see upside to FY12 guidance, and note that mgmt’s outlook for the macro environment next year is relatively muted relative to other industrial companies, and reflects no growth in the commercial and residential construction related end markets."
UBS lowers FY12 EPS estimate from $3.30 to $3.20 and FY13$4.00 to $3.65.
For an analyst ratings summary and ratings history on Ingersoll-Rand click here. For more ratings news on Ingersoll-Rand click here.
Shares of Ingersoll-Rand closed at $37.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Upgrades CAE Inc. (CAE:CN) (CAE) to Outperform
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
- SKF AB (SKFB:SS) (SKFRY) PT Raised to SEK270 at RBC Capital
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
