Ingersoll-Rand plc (Ireland) (NYSE:IR) Given Price Target Of $73.833


As per Ingersoll-Rand plc (Ireland) (NYSE:IR)’s news release on 2016-08-05, its shareholders will get cash dividend of $0.32 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-09 and 2016-09-30, respectively.

The stock will commence trading ex-dividend from 2016-09-07, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Ingersoll-Rand plc (Ireland) (NYSE:IR) disbursed $0.32 in dividend compared to distribution of $0.32, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 16%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Ingersoll-Rand plc (Ireland) (NYSE:IR) to attain a price target of $73.833. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $80. The low price range is set at $60 for next year while the arithmetic mean is seen at 1.88.

Eyeing Earnings Ingersoll-Rand plc (Ireland) (NYSE:IR) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.28 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Ingersoll-Rand plc (Ireland) (NYSE:IR) earnings came at $1.38 suggesting a deviation of $0.08. The brokerages targeted EPS of $1.3 for the quarter.

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