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Credit Suisse Sticks to Their Hold Rating for Ingersoll Rand


Credit Suisse (SIX:CSGN) analyst John Walsh maintained a Hold rating on Ingersoll Rand (NYSE:IR) on Wednesday, setting a price target of $30, which is approximately 3.13% above the present share price of $29.09.

Walsh expects Ingersoll Rand to post earnings per share (EPS) of $0.13 for the second quarter of 2020.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Ingersoll Rand, with an average price target of $30.17.
The analysts price targets range from a high of $35 to a low of $27.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $605.8 million and a net profit of $79.4 million. The company's market cap is $11.44 billion.

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According to TipRanks.com, Credit Suisse analyst John Walsh is a 2-star analyst with an average return of -0.2% and a 44.7% success rate.

Gardner Denver Holdings Inc is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services. It manufactures compressor, pump, vacuum and blower products in its markets. Its segments are Industrials, Energy, and Medical. In the Industrials segment, the company designs, manufactures, markets and services a broad range of air compression, vacuum and blower products across a wide array of technologies and applications. In the Medical segment, it designs, manufactures and markets specialized gas, liquid and precision syringe pumps, and compressors for use in the medical, laboratory and biotechnology end markets.