Ingersoll Rand Inc
IR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$79.00 | Fhqvq | Lvhqhpy |
Ingersoll Rand Earnings: Raising Fair Value Estimate to $78 From $71
Narrow-moat-rated Ingersoll Rand finished 2023 in strong fashion, as its full-year revenue of $6.876 billion and adjusted EPS of $2.96 both beat our respective estimates of $6.809 billion and $2.83. After rolling our model forward one year, we’ve raised our fair value estimate to $78 from $71, which reflects our slightly more optimistic midcycle operating margin assumptions as well as time value of money.