Ingersoll Rand Reports Third-Quarter 2021 Results

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Ingersoll-Rand (IR) PT Raised to $68 at Goldman Sachs

November 4, 2021 5:40 PM EDT

Goldman Sachs analyst Joe Ritchie raised the price target on Ingersoll-Rand (NYSE: IR) to $68.00 while maintaining a Buy rating.

The analyst commented, "IR posted strong segment EBITDA, which was 7% above FactSet consensus expectations driven primarily by the ITS segment with EBITDA margins expanding +150bps y/y. Looking ahead,... More

Ingersoll-Rand (IR) Tops Q3 EPS by 9c

November 3, 2021 5:03 PM EDT

Ingersoll-Rand (NYSE: IR) reported Q3 EPS of $0.57, $0.09 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.28 billion.

2021 Guidance:

Raising full-year 2021 revenue growth expectation (excluding the HPS and SVT businesses... More