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BofA Merrill downgraded Ingersoll-Rand (NYSE:IR) from Buy to Neutral in a statement released earlier today.

Having a price of $91.30, Ingersoll-Rand (NYSE:IR) traded -0.96% lower on the day. With the last stock price up 2.52% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. IR has recorded a 50-day average of $88.73 and a two hundred day average of $88.20. Trade Volume was down over the average, with 312,462 shares of IR changing hands under the typical 1,609,110

BofA Merrill has downgraded Ingersoll-Rand (NYSE:IR) from Buy to Neutral in a statement released on Tuesday October 17, 2017.

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Ingersoll-Rand (NYSE:IR)

Ingersoll-Rand has 52 week low of $63.87 and a 52 week high of $94.39 with a P/E ratio of 22.45 and has a market cap of $0.

A total of 20 equity analysts have released a research note on IR. Seven equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, nine equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $70.05.

More About Ingersoll-Rand (NYSE:IR)

Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company's business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car. Its Climate segment includes Trane and American Standard Heating and Air Conditioning, which provide heating, ventilation and air conditioning systems, and commercial and residential building services, parts, support and controls. It offers energy services and building automation through Trane Building Advantage and Nexia. Its Industrial segment includes compressed air and gas systems and services, power tools, material handling systems, ARO fluid management equipment, as well as Club Car golf, utility and rough terrain vehicles.

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