Ingersoll Rand (IR – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Stephen Volkmann from Jefferies maintained a Buy rating on the stock and has a $100.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Stephen Volkmann has given his Buy rating due to a combination of factors, including Ingersoll Rand’s strategic focus on expanding its service revenue and its robust M&A pipeline. The company aims to significantly increase its recurring service revenue by 2027, which is expected to enhance margins and provide a stable revenue stream. Additionally, the company’s strong base of connected assets and global service technicians supports this growth strategy.
Volkmann also highlights the potential for margin improvement through service contract mix and operational efficiencies. The company’s proactive approach to acquisitions, with several deals under letter of intent, is expected to drive revenue growth and provide cost stability amid tariff challenges. Furthermore, the recent pullback in stock price presents a buying opportunity, as the long-term growth prospects remain promising despite near-term concerns.
According to TipRanks, Volkmann is a 5-star analyst with an average return of 18.1% and a 65.63% success rate. Volkmann covers the Industrials sector, focusing on stocks such as Eaton, Wesco International, and Agco.