Trane Technologies (TT) Stock Forecast & Price Target

$411.16 -1.87 (-0.45%)

(As of 11/20/2024 ET)

Trane Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 14 Analyst Ratings

Sell
1

Hold
8

Buy
5

Based on 14 Wall Street analysts who have issued ratings for Trane Technologies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 1 has given a sell rating, 8 have given a hold rating, and 5 have given a buy rating for TT.

Consensus Price Target

$389.77
-5.20% Downside

According to the 14 analysts' twelve-month price targets for Trane Technologies, the average price target is $389.77. The highest price target for TT is $500.00, while the lowest price target for TT is $300.00. The average price target represents a forecasted downside of -5.20% from the current price of $411.16.

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TT Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	8 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$389.77	$373.58	$323.29	$207.31
Forecasted Upside	-5.20% Downside	-4.75% Downside	-8.39% Downside	-8.86% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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TT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Trane Technologies Stock vs. The Competition

Type	Trane Technologies	Construction Companies	S&P 500
Consensus Rating Score	2.29	2.62	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-5.20% Downside	11.73% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent TT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	UBS Group 4 of 5 stars		Initiated Coverage	Buy ➝ Buy	$375.00 ➝ $500.00	+19.27%
10/31/2024	Hsbc Global Res 0 of 5 stars	W. Brooks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/31/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$425.00 ➝ $440.00	+19.74%
10/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$408.00 ➝ $404.00	+7.58%
10/31/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$405.00	+7.85%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$325.00 ➝ $400.00	+1.17%
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10/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$364.00 ➝ $407.00	+2.43%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$320.00 ➝ $360.00	-7.77%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$425.00	+23.94%
8/5/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$350.00 ➝ $350.00	+10.81%
8/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$334.00 ➝ $350.00	+5.69%
5/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$247.00 ➝ $300.00	-4.75%
5/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$325.00 ➝ $360.00	+13.53%
5/1/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$355.00 ➝ $366.00	+15.42%
10/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$187.00 ➝ $210.00	+4.80%
5/4/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$184.00 ➝ $183.00	+6.99%
3/27/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
2/8/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$185.00 ➝ $200.00	+10.83%
12/21/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$180.00	+6.67%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:55 AM ET.

Should I Buy Trane Technologies Stock? TT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Trane Technologies pros and cons to contact@marketbeat.com.

Trane Technologies
Bull Case

Here are some ways that investors could benefit from investing in Trane Technologies plc:

Trane Technologies plc has recently had its price target raised to $425.00 by Barclays, indicating potential growth in the stock price.
Trane Technologies plc reported strong quarterly earnings results, surpassing analyst expectations with a net margin of 12.33% and a return on equity of 33.97%.
The company has shown consistent revenue growth, with a 12.8% increase in quarterly revenue on a year-over-year basis.
Trane Technologies plc has a market capitalization of $87.79 billion, indicating a strong position in the market.
The stock has been trading at a 52-week high, reaching $382.49, which could signal positive investor sentiment.

Trane Technologies
Bear Case

Investors should be bearish about investing in Trane Technologies plc for these reasons:

Trane Technologies plc has a relatively high price-to-earnings ratio of 41.44, which may indicate the stock is currently overvalued.
The company's price-to-earnings-growth ratio of 2.68 suggests that the stock may not be a strong growth opportunity compared to its earnings.
Trane Technologies plc has a debt-to-equity ratio of 0.62, which could pose risks in terms of financial leverage.
While the stock has shown recent growth, there is a possibility of market volatility impacting the stock price in the short term.
Analysts have given a mixed rating to the stock, with one sell rating and a consensus rating of "Hold," indicating uncertainty in the market perception of the company.

TT Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Trane Technologies is $389.77, with a high forecast of $500.00 and a low forecast of $300.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trane Technologies in the last year. There is currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TT, but not buy additional shares or sell existing shares.
: According to analysts, Trane Technologies's stock has a predicted downside of -5.20% based on their 12-month stock forecasts.
: Over the previous 90 days, Trane Technologies's stock had 2 downgrades by analysts.
: Trane Technologies has been rated by research analysts at Barclays, Hsbc Global Res, HSBC, Mizuho, Morgan Stanley, Robert W. Baird, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Trane Technologies less than other "construction" companies. The consensus rating for Trane Technologies is Hold while the average consensus rating for "construction" companies is Moderate Buy. Learn more on how TT compares to other companies.

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This page (NYSE:TT) was last updated on 11/21/2024 by MarketBeat.com Staff

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Trane Technologies (TT) Stock Forecast & Price Target