Ingersoll Rand Inc (IR) Price

The P/E ratio of Ingersoll Rand Inc is 37.6599

Mr. Vicente Reynal is the Chairman of the Board of Ingersoll Rand Inc, joining the firm since 2016.

The current price of IR is $81.54, it has increased 0.01% in the last trading day.

Ingersoll Rand Inc belongs to Machinery industry and the sector is Industrials

Ingersoll Rand Inc's current market cap is $32.4B

According to wall street analysts, 19 analysts have made analyst ratings for Ingersoll Rand Inc, including 6 strong buy, 9 buy, 10 hold, 0 sell, and 6 strong sell

Looks like Ingersoll Rand (IR) decided to wake up from its nap, bro. The stock is seeing a technical bounce today, pushing up 1.67% after a period of underperformance. There's no single piece of bombshell news causing this; it's more about the chart showing signs of life as it approaches a key resistance level.

The move today seems driven by technical factors rather than a specific fundamental catalyst. Here’s the breakdown:

• Technical Bounce: IR is currently trading around $79, up from the previous close of $77.70. The price is bouncing off recent lows and heading towards the next significant resistance level at approximately $80.81. The immediate support is further down at $74.36.
• Short-Term Momentum (1H Chart): On the hourly chart, we can see a bullish MACD crossover where the MACD line has crossed above its signal line, and the histogram is positive. This indicates building positive momentum on an intraday basis, which is fueling today's upward move. The hourly RSI is neutral around 50, giving it room to run before becoming overbought.
• Daily Chart Context: While today is green, the bigger picture is still a bit messy. The stock is trading below both its 50-day ($81.55) and 200-day ($84.41) moving averages, which is a bearish signal for the longer term. However, the daily MACD histogram has been ticking up, suggesting that the recent downward pressure is losing steam.
• News & Analyst Sentiment: There have been no major press releases today to justify the pop. Recent news includes a presentation at a Morgan Stanley conference and several analyst articles discussing the stock's value and performance relative to peers. Wall Street analysts remain generally positive, with a consensus "BUY" rating and a mean price target of $91.95, suggesting they see significant upside from current levels. This underlying positive sentiment could be providing a floor for the stock and encouraging buyers to step in on dips.

In short, you're seeing a classic technical relief rally. The stock got beaten down, and now it's bouncing.

Keep an eye on that $80.81 resistance level. If it breaks through with conviction, we could see more upside. If it gets rejected, you might have just witnessed today's entire pump.