Ingersoll Rand: Citigroup Raises PT to $104 from $91, Maintains Buy Rating

Ingersoll Rand: Citigroup Raises PT to $104 from $91, Maintains Buy Rating

Citigroup has recently raised its price target for Ingersoll-Rand (NYSE:IR) to $104 from $91, while maintaining its Buy rating on the industrial company. The upgrade comes amidst a series of strategic acquisitions and financial performance updates that have bolstered the company's market position.

Ingersoll-Rand has been making significant strides in its industrial technologies and services division, with recent acquisitions such as Termomeccanica Industrial Compressors S.p.A. (TMIC) and Adicomp S.p.A. enhancing its capacity to produce packaging and renewable natural gas solutions [2]. Additionally, the company's first-quarter 2025 earnings report revealed an earnings per share (EPS) of $1.75, surpassing analysts' expectations of $1.69, despite a slight revenue miss [1].

Citigroup's analysts cited Ingersoll-Rand's strong operational performance and strategic initiatives as the primary reasons for the price target increase. They noted that the company's recent acquisitions and ongoing efforts to expand its market portfolio are expected to drive growth and improve profitability. The analysts also highlighted the potential benefits of Trump-era tariffs and the onshoring trend, which could provide a tailwind for the company's growth prospects.

Despite the positive outlook, Ingersoll-Rand continues to face headwinds in certain sectors, including healthcare and renewable energy markets. Melius Research recently downgraded the stock to Hold due to narrowing growth opportunities and limited potential for outperformance compared to more thematic growth sectors [1]. However, Citigroup's analysts remain optimistic about the company's long-term prospects and the potential for margin relief from tariffs in the near term.

The ongoing strategic initiatives and financial performance updates at Ingersoll-Rand reflect the company's commitment to growth and innovation. As the company continues to navigate the challenges and opportunities in its industry, investors should keep a close eye on its progress and the potential for further share price appreciation.

References:
[1] https://www.investing.com/news/analyst-ratings/melius-downgrades-ingersollrand-stock-to-hold-on-narrowing-growth-outlook-93CH-4133634
[2] https://finance.yahoo.com/news/ingersoll-rand-ir-expands-gas-152727993.html