Across the recent three months, 11 analysts have shared their insights on Trane Technologies TT, expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 5 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 0 | 5 | 1 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $335.55, along with a high estimate of $375.00 and a low estimate of $295.00. This current average has increased by 11.01% from the previous average price target of $302.27.
Investigating Analyst Ratings: An Elaborate Study
The analysis of recent analyst actions sheds light on the perception of Trane Technologies by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Markus Mittermaier | UBS | Raises | Buy | $375.00 | $330.00 |
| Stephen Tusa | JP Morgan | Raises | Neutral | $300.00 | $247.00 |
| Gabe Hajde | Wells Fargo | Raises | Underweight | $295.00 | $281.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $366.00 | $355.00 |
| Gautam Khanna | TD Cowen | Raises | Buy | $360.00 | $325.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $326.00 | $287.00 |
| Tommy Moll | Stephens & Co. | Raises | Equal-Weight | $320.00 | $310.00 |
| Brett Linzey | Mizuho | Raises | Neutral | $325.00 | $280.00 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Trane Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Trane Technologies compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Trane Technologies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Trane Technologies's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Trane Technologies analyst ratings.
All You Need to Know About Trane Technologies
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.
Breaking Down Trane Technologies's Financial Performance
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Trane Technologies's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 15.0%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Trane Technologies's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 10.35%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Trane Technologies's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 6.28%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Trane Technologies's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 2.25%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Trane Technologies's debt-to-equity ratio is below the industry average. With a ratio of 0.71, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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