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Ingersoll-Rand PLC (NYSE:IR) has been downgraded to Hold in a report by Zacks Investment Research today.

Zacks Investment Research has downgraded Ingersoll-Rand PLC (NYSE:IR) to Hold in a report released on Thursday May 25, 2017.

Previously on 5/18/2017, Zacks Investment Research reported about Ingersoll-Rand PLC (NYSE:IR) raised the target price from $0.00 to $99.00. At the time, this indicated a possible upside of 0.12%.

Just yesterday Ingersoll-Rand PLC (NYSE:IR) traded -1.76% lower at $89.15. IR’s 50-day average is $90.53 and its two hundred day average is $88.84. With the last close up 0.80% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the date range. Volume of trade was down over the average, with 991,500 shares of IR changing hands under the typical 1,656,060

Performance Chart

Ingersoll-Rand PLC (NYSE:IR)

With a total market value of $0, Ingersoll-Rand PLC has P/E ratio of 22.23 with a 52 week low of $66.52 and a 52 week high of $96.23 .

In addition to Zacks Investment Research reporting its target price, a total of 20 firms have reported on the stock. The consensus target price is $70.05 with 7 firms rating the stock a strong buy, 8 firms rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ingersoll-Rand PLC (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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