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Trane Technologies (TT) Stock Forecast & Price Target

Trane Technologies logo
$415.80 +4.64 (+1.13%)
(As of 11:01 AM ET)
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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
-6.26% 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 -6.26% from the current price of $415.80.
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TT Analyst Ratings Over Time

TypeCurrent 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-6.26% Downside-4.75% Downside-8.39% Downside-8.86% Downside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Trane Technologies Stock vs. The Competition

TypeTrane TechnologiesConstruction CompaniesS&P 500
Consensus Rating Score
2.29
2.62
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-5.20% Downside11.70% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent TT News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/13/2024UBS Group
4 of 5 stars		 Initiated CoverageBuy ➝ Buy$375.00 ➝ $500.00+19.27%
10/31/2024Hsbc Global Res
0 of 5 stars		W. Brooks
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeStrong-Buy ➝ Hold
10/31/2024Barclays
3 of 5 stars		 Boost TargetOverweight ➝ Overweight$425.00 ➝ $440.00+19.74%
10/31/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$408.00 ➝ $404.00+7.58%
10/31/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold$405.00+7.85%
10/17/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$325.00 ➝ $400.00+1.17%
10/9/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$364.00 ➝ $407.00+2.43%
10/7/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderweight ➝ Underweight$320.00 ➝ $360.00-7.77%
9/6/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOverweight$425.00+23.94%
8/5/2024Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingEqual Weight ➝ Equal Weight$350.00 ➝ $350.00+10.81%
8/1/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSector Perform ➝ Sector Perform$334.00 ➝ $350.00+5.69%
5/2/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$247.00 ➝ $300.00-4.75%
5/1/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$325.00 ➝ $360.00+13.53%
5/1/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$355.00 ➝ $366.00+15.42%
10/5/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Neutral$187.00 ➝ $210.00+4.80%
5/4/2023888
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
4/12/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold$184.00 ➝ $183.00+6.99%
3/27/2023Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageMarket Perform
2/8/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$185.00 ➝ $200.00+10.83%
12/21/2022BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ 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 11:31 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

green Wall Street bull icon

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

red Wall Street bear icon

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 -6.26% 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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