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

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Analyst price target for TT

Based on 14 analysts offering 12 month price targets for Trane Technologies PLC.
Min Forecast
$133.00-8.16%
Avg Forecast
$169.64+17.15%
Max Forecast
$214.00+47.78%

Should I buy or sell TT stock?

Based on 14 analysts offering ratings for Trane Technologies PLC.
Buy
Strong Buy
3 analysts 21.43%
Buy
3 analysts 21.43%
Hold
7 analysts 50%
Sell
0 analysts 0%
Strong Sell
1 analysts 7.14%

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TT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Top 9%
92
Strong BuyMaintains$168.00+16.01%2022-09-01
BMO Capital
Bottom 35%
35
BuyMaintains$180.00+24.30%2022-08-15
Mizuho
Bottom 11%
11
HoldMaintains$150.00+3.58%2022-08-04
Barclays
Top 30%
71
Strong BuyMaintains$166.00+14.63%2022-08-04
Goldman Sachs
Top 10%
91
HoldMaintains$151.00+4.27%2022-08-04
Credit Suisse
Top 13%
88
BuyMaintains$169.00+16.70%2022-08-04
Wells Fargo
Bottom 15%
15
Strong SellMaintains$133.00-8.16%2022-08-04
Jefferies
Bottom 24%
24
HoldMaintains$140.00-3.32%2022-07-15
Deutsche Bank
Bottom 11%
11
HoldMaintains$146.00+0.82%2022-07-13
Cowen & Co.
Top 12%
89
BuyUpgrades$180.00+24.30%2022-07-08

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Forecast return on equity

Is TT forecast to generate an efficient return?
Company
35.26%
Industry
32.83%
Market
110.02%
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
11.41%
Industry
11.08%
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 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$7.10+12.16%
Avg 2 year Forecast
$7.77+22.75%
Avg 3 year Forecast
$8.71+37.6%
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 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$15.7B+5.74%
Avg 2 year Forecast
$16.2B+8.97%
Avg 3 year Forecast
$17.1B+14.94%
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
11.19%
Industry
14.1%
Market
19.13%
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
4.72%
Industry
4.67%
Market
8.53%
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$144.81$169.64+17.15%Buy
PH$242.31$324.11+33.76%Strong Buy
ROP$359.64$510.25+41.88%Strong Buy
CMI$203.51$227.00+11.54%Buy
OTIS$63.80$79.29+24.27%Buy

Trane Technologies Stock Forecast FAQ

Is Trane Technologies Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 14 Wall Street analysts covering (NYSE: TT) stock is to Buy TT stock.

Out of 14 analysts, 3 (21.43%) are recommending TT as a Strong Buy, 3 (21.43%) are recommending TT as a Buy, 7 (50%) are recommending TT as a Hold, 0 (0%) are recommending TT as a Sell, and 1 (7.14%) 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 2022-2024?

(NYSE: TT) Trane Technologies's forecast annual earnings growth rate of 11.19% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 14.1%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.13%.

Trane Technologies's earnings in 2022 is $1,493,000,000.On average, 8 Wall Street analysts forecast TT's earnings for 2022 to be $1,645,193,277, with the lowest TT earnings forecast at $1,622,021,541, and the highest TT earnings forecast at $1,656,779,145. On average, 9 Wall Street analysts forecast TT's earnings for 2023 to be $1,800,443,911, with the lowest TT earnings forecast at $1,598,849,805, and the highest TT earnings forecast at $1,907,033,897.

In 2024, TT is forecast to generate $2,018,258,232 in earnings, with the lowest earnings forecast at $1,992,769,322 and the highest earnings forecast at $2,041,429,968.

What is TT's revenue growth forecast for 2022-2024?

(NYSE: TT) Trane Technologies's forecast annual revenue growth rate of 4.72% is forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 4.67%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.53%.

Trane Technologies's revenue in 2022 is $14,835,000,000.On average, 6 Wall Street analysts forecast TT's revenue for 2022 to be $3,634,841,829,655, with the lowest TT revenue forecast at $3,621,289,376,245, and the highest TT revenue forecast at $3,641,438,359,545. On average, 6 Wall Street analysts forecast TT's revenue for 2023 to be $3,745,895,156,481, with the lowest TT revenue forecast at $3,564,971,629,755, and the highest TT revenue forecast at $3,802,713,644,193.

In 2024, TT is forecast to generate $3,951,051,916,747 in revenue, with the lowest revenue forecast at $3,907,991,879,181 and the highest revenue forecast at $3,994,112,186,031.

What is TT's forecast return on assets (ROA) for 2022-2024?

(NYSE: TT) forecast ROA is 11.41%, which is higher than the forecast US Specialty Industrial Machinery industry average of 11.08%.

What is TT's Price Target?

According to 14 Wall Street analysts that have issued a 1 year TT price target, the average TT price target is $169.64, with the highest TT stock price forecast at $214.00 and the lowest TT stock price forecast at $133.00.

On average, Wall Street analysts predict that Trane Technologies's share price could reach $169.64 by Sep 1, 2023. The average Trane Technologies stock price prediction forecasts a potential upside of 17.15% from the current TT share price of $144.81.

What is TT's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: TT) Trane Technologies's current Earnings Per Share (EPS) is $6.33. On average, analysts forecast that TT's EPS will be $7.10 for 2022, with the lowest EPS forecast at $7.00, and the highest EPS forecast at $7.15. 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 2022-2024?

(NYSE: TT) forecast ROE is 35.26%, which is considered strong.
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