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NYSE: TT
Trane Technologies PLC Stock Forecast, Predictions & Price Target

Analyst price target for TT

Based on 15 analysts offering 12 month price targets for Trane Technologies PLC.
Min Forecast
$126.00-28.83%
Avg Forecast
$169.33-4.35%
Max Forecast
$200.00+12.98%

Should I buy or sell TT stock?

Based on 16 analysts offering ratings for Trane Technologies PLC.
Hold
Strong Buy
4 analysts 25%
Buy
3 analysts 18.75%
Hold
5 analysts 31.25%
Sell
1 analysts 6.25%
Strong Sell
3 analysts 18.75%

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TT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Wells Fargo
Top 23%
78
Strong SellMaintains$163.00-7.93%2023-01-19
Mizuho
Top 22%
79
HoldMaintains$175.00-1.15%2023-01-13
Morgan Stanley
Top 3%
98
Strong BuyMaintains$193.00+9.02%2023-01-06
Barclays
Top 3%
98
Strong BuyMaintains$193.00+9.02%2023-01-05
UBS
Top 32%
69
Strong BuyUpgrades$200.00+12.98%2023-01-04
BMO Capital
HoldDowngrades$180.00+1.68%2022-12-21
Bank of America
Top 16%
85
SellDowngradesN/AN/A2022-12-12
Goldman Sachs
Top 16%
85
HoldMaintains$168.00-5.10%2022-11-03
RBC Capital
Top 20%
81
HoldMaintains$162.00-8.49%2022-11-03
JP Morgan
Top 14%
87
Strong SellMaintains$126.00-28.83%2022-11-03

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Forecast return on equity

Is TT forecast to generate an efficient return?
Company
34.24%
Industry
31.27%
Market
49.33%
TT's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is TT forecast to generate an efficient return on assets?
Company
11.31%
Industry
10.59%
TT is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

TT earnings per share forecast

What is TT's earnings per share in the next 2 years based on estimates from 9 analysts?
Avg 1 year Forecast
$7.77+11.16%
Avg 2 year Forecast
$8.71+24.61%
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

TT revenue forecast

What is TT's revenue in the next 2 years based on estimates from 6 analysts?
Avg 1 year Forecast
$16.2B+4.38%
Avg 2 year Forecast
$17.1B+10.1%
TT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

TT earnings growth forecast

How is TT forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
13.6%
Industry
23.92%
Market
85.43%
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

TT revenue growth forecast

How is TT forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
4.38%
Industry
3.73%
Market
71.53%
TT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
TT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

TT vs Specialty Industrial Machinery Stocks

TickerPricePrice TargetUp/downsideConsensus
TT$177.03$169.33-4.35%Hold
PH$319.80$325.18+1.68%Buy
ROP$434.11$501.60+15.55%Buy
CMI$248.69$243.33-2.15%Buy
OTIS$81.20$78.44-3.39%Hold

Trane Technologies Stock Forecast FAQ

Is Trane Technologies Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 16 Wall Street analysts covering (NYSE: TT) stock is to Hold TT stock.

Out of 16 analysts, 4 (25%) are recommending TT as a Strong Buy, 3 (18.75%) are recommending TT as a Buy, 5 (31.25%) are recommending TT as a Hold, 1 (6.25%) are recommending TT as a Sell, and 3 (18.75%) are recommending TT as a Strong Sell.

If you're new to stock investing, here's how to buy Trane Technologies stock.

What is TT's earnings growth forecast for 2023-2024?

(NYSE: TT) Trane Technologies's forecast annual earnings growth rate of 13.6% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 23.92%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 85.43%.

Trane Technologies's earnings in 2023 is $1,635,200,000.On average, 9 Wall Street analysts forecast TT's earnings for 2023 to be $1,789,487,690, with the lowest TT earnings forecast at $1,589,120,342, and the highest TT earnings forecast at $1,895,429,046.

In 2024, TT is forecast to generate $2,005,976,548 in earnings, with the lowest earnings forecast at $1,980,642,746 and the highest earnings forecast at $2,029,007,278.

What is TT's revenue growth forecast for 2023-2024?

(NYSE: TT) Trane Technologies's forecast annual revenue growth rate of 4.38% is forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 3.73%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 71.53%.

Trane Technologies's revenue in 2023 is $15,487,100,000.On average, 6 Wall Street analysts forecast TT's revenue for 2023 to be $3,723,100,303,833, with the lowest TT revenue forecast at $3,543,277,748,960, and the highest TT revenue forecast at $3,779,573,034,656.

In 2024, TT is forecast to generate $3,927,008,626,029 in revenue, with the lowest revenue forecast at $3,884,210,621,213 and the highest revenue forecast at $3,969,806,861,152.

What is TT's forecast return on assets (ROA) for 2023-2024?

(NYSE: TT) forecast ROA is 11.31%, which is higher than the forecast US Specialty Industrial Machinery industry average of 10.59%.

What is TT's Price Target?

According to 15 Wall Street analysts that have issued a 1 year TT price target, the average TT price target is $169.33, with the highest TT stock price forecast at $200.00 and the lowest TT stock price forecast at $126.00.

On average, Wall Street analysts predict that Trane Technologies's share price could fall to $169.33 by Jan 19, 2024. The average Trane Technologies stock price prediction forecasts a potential downside of 4.35% from the current TT share price of $177.03.

What is TT's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: TT) Trane Technologies's current Earnings Per Share (EPS) is $6.99. On average, analysts forecast that TT's EPS will be $7.77 for 2023, with the lowest EPS forecast at $6.90, and the highest EPS forecast at $8.23. In 2024, TT's EPS is forecast to hit $8.71 (min: $8.60, max: $8.81).

What is TT's forecast return on equity (ROE) for 2023-2024?

(NYSE: TT) forecast ROE is 34.24%, which is considered strong.
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