WallStreetZen

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

Analyst price target for TT

Based on 7 analysts offering 12 month price targets for Trane Technologies plc.
Min Forecast
$163.00-15.78%
Avg Forecast
$190.86-1.39%
Max Forecast
$214.00+10.57%

Should I buy or sell TT stock?

Based on 9 analysts offering ratings for Trane Technologies plc.
Hold
Strong Buy
2 analysts 22.22%
Buy
1 analysts 11.11%
Hold
4 analysts 44.44%
Sell
0 analysts 0%
Strong Sell
2 analysts 22.22%

TT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Anonymous
Morgan Stanley
Strong BuyMaintains$217.00+12.12%2021-11-04
RBC Capital
Top 23%
78
HoldMaintains$183.00-5.45%2021-11-04
Stephens & Co.
Top 17%
84
HoldMaintains$205.00+5.92%2021-11-04
Wells Fargo
Bottom 14%
14
Strong SellInitiates Coverage On$163.00-15.78%2021-10-08
JP Morgan
Top 17%
84
Strong SellDowngradesN/AN/A2021-08-09
Credit Suisse
Top 2%
99
BuyMaintains$214.00+10.57%2021-08-05
Deutsche Bank
Top 19%
82
HoldMaintains$203.00+4.89%2021-07-14
Barclays
Top 10%
91
Strong BuyMaintains$200.00+3.34%2021-05-06
Morgan Stanley
Top 7%
94
Strong BuyMaintains$168.00-13.20%2021-02-08
Wolfe Research
Bottom 24%
24
HoldUpgradesN/AN/A2020-12-08

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Forecast return on equity

Is TT forecast to generate an efficient return?
Company
N/A
Industry
22.37%
Market
37.06%

Forecast return on assets

Is TT forecast to generate an efficient return on assets?
Company
N/A
Industry
7.95%

TT earnings per share forecast

What is TT's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$6.09+7.98%
Avg 2 year Forecast
$7.01+24.29%
Avg 3 year Forecast
$7.57+34.22%
TT's earnings are forecast to grow at a rate of 10.85% per year, which is not exceptional
Forecast

TT revenue forecast

What is TT's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$14.1B+2.55%
Avg 2 year Forecast
$15.0B+9.16%
Avg 3 year Forecast
$15.7B+13.86%
TT's revenue is forecast to grow at a rate of 4.56% per year, which is not exceptional
Forecast

TT earnings growth forecast

How is TT forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
10.85%
Industry
9.8%
Market
14.37%
TT's earnings are forecast to grow faster (10.85% per year) than the US Specialty Industrial Machinery industry average (9.8%)
Forecast
TT's earnings are forecast to grow slower (10.85% per year) than the US market average (14.37%)
Forecast
TT's earnings are forecast to grow faster (10.85% per year) than the risk-free savings rate (1.4%)
Forecast

TT revenue growth forecast

How is TT forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
4.56%
Industry
5.67%
Market
10.03%
TT's revenues are forecast to grow slower (4.56% per year) than the US Specialty Industrial Machinery industry average (5.67%)
Forecast
TT's revenues are forecast to grow slower (4.56% per year) than the US market average (10.03%)
Forecast

Trane Technologies Stock Forecast FAQ

Is Trane Technologies Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: TT) stock is to Hold TT stock.

Out of 9 analysts, 2 (22.22%) are recommending TT as a Strong Buy, 1 (11.11%) are recommending TT as a Buy, 4 (44.44%) are recommending TT as a Hold, 0 (0%) are recommending TT as a Sell, and 2 (22.22%) are recommending TT as a Strong Sell.

What is TT's earnings growth forecast for 2021-2023?

(NYSE: TT) Trane Technologies's forecast annual earnings growth rate of 10.85% is forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 9.8%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Trane Technologies's earnings in 2021 is $1,350,300,000.On average, 9 Wall Street analysts forecast TT's earnings for 2021 to be $1,446,619,684, with the lowest TT earnings forecast at $1,437,118,077, and the highest TT earnings forecast at $1,482,250,711. On average, 9 Wall Street analysts forecast TT's earnings for 2022 to be $1,665,156,648, with the lowest TT earnings forecast at $1,615,273,210, and the highest TT earnings forecast at $1,693,661,469.

In 2023, TT is forecast to generate $1,798,179,147 in earnings, with the lowest earnings forecast at $1,672,282,853 and the highest earnings forecast at $1,912,198,433.

What is TT's revenue growth forecast for 2021-2023?

(NYSE: TT) Trane Technologies's forecast annual revenue growth rate of 4.56% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 5.67%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Trane Technologies's revenue in 2021 is $13,746,200,000.On average, 6 Wall Street analysts forecast TT's revenue for 2021 to be $3,348,618,379,217, with the lowest TT revenue forecast at $3,320,495,760,003, and the highest TT revenue forecast at $3,363,568,920,480. On average, 6 Wall Street analysts forecast TT's revenue for 2022 to be $3,564,409,853,600, with the lowest TT revenue forecast at $3,498,491,741,584, and the highest TT revenue forecast at $3,634,079,675,186.

In 2023, TT is forecast to generate $3,717,997,156,650 in revenue, with the lowest revenue forecast at $3,647,795,245,064 and the highest revenue forecast at $3,769,050,004,326.

What is TT's forecast return on assets (ROA) for 2021-2024?

(NYSE: TT) forecast ROA is N/A, which is lower than the forecast US Specialty Industrial Machinery industry average of 7.95%.

What is TT's Price Target?

According to 7 Wall Street analysts that have issued a 1 year TT price target, the average TT price target is $190.86, with the highest TT stock price forecast at $214.00 and the lowest TT stock price forecast at $163.00.

On average, Wall Street analysts predict that Trane Technologies's share price could stay at $190.86 by Nov 4, 2022. The average Trane Technologies stock price prediction forecasts a potential downside of N/A from the current TT share price of $193.54.

What is TT's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: TT) Trane Technologies's current Earnings Per Share (EPS) is $5.64. On average, analysts forecast that TT's EPS will be $6.09 for 2021, with the lowest EPS forecast at $6.05, and the highest EPS forecast at $6.24. On average, analysts forecast that TT's EPS will be $7.01 for 2022, with the lowest EPS forecast at $6.80, and the highest EPS forecast at $7.13. In 2023, TT's EPS is forecast to hit $7.57 (min: $7.04, max: $8.05).

What is TT's forecast return on equity (ROE) for 2021-2024?

(NYSE: TT) forecast ROE is N/A, which is considered weak.
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