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We recently compiled a list of the These 10 Firms Were Heavily Hit on Friday. In this article, we are going to take a look at where Ingersoll Rand Inc. (NYSE:IR) stands against the other stocks.
Wall Street’s main indices finished mixed on Friday, with the tech-heavy Nasdaq emerging as the sole gainer, rallying 0.41 percent. The Dow Jones, for its part, decreased by 0.37 percent, while the S&P 500 was little changed, dipping 0.01 percent.
Ten companies mirrored a mostly pessimistic broader market.
To come up with this list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Workers assembling precision and science technology components in a factory.
Ingersoll Rand Inc. (NYSE:IR)
Shares of Ingersoll Rand Inc. (NYSE:IR) declined by 7.38 percent on Friday to close at $85.72 apiece as investors sold off positions after reporting mixed earnings performance last year.
In the last quarter of 2024, Ingersoll Rand Inc. (NYSE:IR) said net income was flat at $231 million versus the same period a year earlier, despite revenues inching up by 4 percent to $1.89 billion from $1.82 billion in the same period.
Full-year net profit, however, grew 7.8 percent to $846.3 million from $785.1 million in 2023.
For 2025, Ingersoll Rand Inc. (NYSE:IR) said it expects revenues to grow between 3 to 5 percent and adjusted EBITDA of $2.13 billion to $2.19 billion, representing 6 to 9 percent growth year-on-year.
“We…significantly outpaced our inorganic growth commitments last year and are poised for another strong year of M&A [mergers and acquisitions] activity in 2025. In what continues to be a dynamic global market environment, we remain nimble and focused as we continue to deliver financial durability by meeting our long-term commitments,” said Ingersoll Rand Inc. (NYSE:IR) Chairman and Chief Executive Officer Vicente Reynal.
Overall IR ranks 9th on our list of the stocks that crashed on Friday. While we acknowledge the potential of IR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for other AI stocks that are as promising as IR but that trade at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.