Ingersoll Rand Inc
IR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$56.00 | Nxgxbs | Myhqmjrqp |
Ingersoll Rand Posts Solid Q2 Results and Increases Full-Year Guidance; Raising FVE
We’ve increased our fair value estimate for narrow-moat-rated Ingersoll Rand to $61 from $60 after the company reported solid second-quarter results, with adjusted EBITDA of $335 million up 15% from the same period last year. Our fair value increase is mostly due to time value of money.