Throughout the last three months, 11 analysts have evaluated Trane Technologies TT, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 4 | 4 | 3 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 1 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 3 | 2 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Trane Technologies, presenting an average target of $363.55, a high estimate of $425.00, and a low estimate of $310.00. Observing a 4.86% increase, the current average has risen from the previous average price target of $346.70.
Interpreting Analyst Ratings: A Closer Look
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 |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Overweight | $425.00 | $394.00 |
| Chris Snyder | Morgan Stanley | Announces | Overweight | $425.00 | - |
| Joe O'Dea | Wells Fargo | Raises | Underweight | $320.00 | $315.00 |
| Tommy Moll | Stephens & Co. | Maintains | Equal-Weight | $350.00 | $350.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Trane Technologies. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Trane Technologies compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Trane Technologies's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Trane Technologies's market position. Stay informed and make data-driven decisions with the assistance of 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.
Trane Technologies: Financial Performance Dissected
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Trane Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.81% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Trane Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 14.23%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Trane Technologies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.92% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Trane Technologies's ROA excels beyond industry benchmarks, reaching 3.82%. This signifies efficient management of assets and strong financial health.
Debt Management: Trane Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.76.
Understanding the Relevance of Analyst Ratings
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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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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