Ratings for Trane Technologies TT were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 2 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 3 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $308.14, a high estimate of $355.00, and a low estimate of $246.00. Witnessing a positive shift, the current average has risen by 11.24% from the previous average price target of $277.00.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Trane Technologies among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tommy Moll | Stephens & Co. | Raises | Equal-Weight | $320.00 | $310.00 |
| Timothy Wojs | Baird | Raises | Neutral | $344.00 | $315.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $355.00 | $309.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $325.00 | $286.00 |
| Tommy Moll | Stephens & Co. | Raises | Equal-Weight | $280.00 | $235.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $287.00 | $253.00 |
| Deane Dray | RBC Capital | Raises | Sector Perform | $246.00 | $231.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Trane Technologies. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Trane Technologies compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Trane Technologies's stock. This examination reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Trane Technologies's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Trane Technologies analyst ratings.
Discovering Trane Technologies: A Closer Look
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $18 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.
Trane Technologies's Economic Impact: An Analysis
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Trane Technologies displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 8.6%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Trane Technologies's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.4% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Trane Technologies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.37% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Trane Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 2.63%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Trane Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.68.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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