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Why NYSE:IR Is a Standout High-Growth Stock in a Consolidation Phase.

By Mill Chart

Last update: Jan 15, 2024

Exploring Growth Potential: INGERSOLL-RAND INC (NYSE:IR) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and INGERSOLL-RAND INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected INGERSOLL-RAND INC on our screen for growth with base formation, suggesting it merits a closer look.

Growth Analysis for NYSE:IR

ChartMill assigns a Growth Rating to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth elements, including EPS and revenue growth, spanning both historical and future figures. In the case of NYSE:IR, the assigned 8 reflects its growth potential:

  • The Earnings Per Share has grown by an impressive 21.03% over the past year.
  • Measured over the past years, IR shows a very strong growth in Earnings Per Share. The EPS has been growing by 74.83% on average per year.
  • The Revenue has grown by 16.93% in the past year. This is quite good.
  • The Revenue has been growing by 20.02% on average over the past years. This is a very strong growth!
  • The Earnings Per Share is expected to grow by 14.86% on average over the next years. This is quite good.
  • Based on estimates for the next years, IR will show a quite strong growth in Revenue. The Revenue will grow by 9.19% on average per year.

Deciphering NYSE:IR's Health Rating

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:IR has achieved a 7 out of 10:

  • IR has an Altman-Z score of 4.36. This indicates that IR is financially healthy and has little risk of bankruptcy at the moment.
  • IR has a Altman-Z score of 4.36. This is in the better half of the industry: IR outperforms 75.38% of its industry peers.
  • IR has a debt to FCF ratio of 2.62. This is a good value and a sign of high solvency as IR would need 2.62 years to pay back of all of its debts.
  • IR has a better Debt to FCF ratio (2.62) than 75.38% of its industry peers.
  • IR has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
  • IR's Debt to Equity ratio of 0.28 is fine compared to the rest of the industry. IR outperforms 63.85% of its industry peers.
  • IR has a Current Ratio of 2.26. This indicates that IR is financially healthy and has no problem in meeting its short term obligations.
  • IR has a better Quick ratio (1.60) than 70.77% of its industry peers.

Profitability Insights: NYSE:IR

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:IR was assigned a score of 7 for profitability:

  • The last Return On Invested Capital (6.95%) for IR is above the 3 year average (3.50%), which is a sign of increasing profitability.
  • IR has a Profit Margin of 11.47%. This is in the better half of the industry: IR outperforms 79.23% of its industry peers.
  • In the last couple of years the Profit Margin of IR has grown nicely.
  • IR's Operating Margin of 17.59% is amongst the best of the industry. IR outperforms 86.15% of its industry peers.
  • In the last couple of years the Operating Margin of IR has grown nicely.
  • With an excellent Gross Margin value of 41.26%, IR belongs to the best of the industry, outperforming 82.31% of the companies in the same industry.

Why is NYSE:IR a setup?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:IR scores a 7 out of 10:

Besides having an excellent technical rating, IR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 77.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 76.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

For an up to date full fundamental analysis you can check the fundamental report of IR

For an up to date full technical analysis you can check the technical report of IR

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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INGERSOLL-RAND INC

NYSE:IR (4/19/2024, 7:04:00 PM)

After market: 88.4 0 (0%)

88.4

-0.57 (-0.64%)

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