Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Trane Technologies TT in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 3 | 2 | 0 |
| Last 30D | 0 | 1 | 2 | 1 | 0 |
| 1M Ago | 0 | 1 | 1 | 1 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Trane Technologies and provided 12-month price targets. The average target is $359.33, accompanied by a high estimate of $394.00 and a low estimate of $310.00. This upward trend is evident, with the current average reflecting a 4.59% increase from the previous average price target of $343.56.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive Trane Technologies. The following summary 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 |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Overweight | $394.00 | $385.00 |
| Deane Dray | RBC Capital | Raises | Sector Perform | $350.00 | $334.00 |
| Gabe Hajde | Wells Fargo | Raises | Underweight | $315.00 | $310.00 |
| Timothy Wojs | Baird | Raises | Neutral | $365.00 | $360.00 |
| Timothy Wojs | Baird | Raises | Neutral | $360.00 | $344.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $385.00 | $380.00 |
| Gabe Hajde | Wells Fargo | Raises | Underweight | $310.00 | $295.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $380.00 | $354.00 |
| Markus Mittermaier | UBS | Raises | Buy | $375.00 | $330.00 |
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 provide insights into price targets, offering estimates for the future value of Trane Technologies's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Trane Technologies's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Trane Technologies analyst ratings.
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.
Understanding the Numbers: Trane Technologies's Finances
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Trane Technologies showcased positive performance, achieving a revenue growth rate of 15.0% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in 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 is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 6.28%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Trane Technologies's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.25%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Trane Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.71.
Understanding the Relevance of Analyst Ratings
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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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