Trane Technologies plc (TT)
NYSE: TT · IEX Real-Time Price · USD
329.76
-5.84 (-1.74%)
Jun 26, 2024, 4:00 PM EDT - Market closed
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Trane Technologies stock have an average target of 305.53, with a low estimate of 210 and a high estimate of 380. The average target predicts a decrease of -7.35% from the current stock price of 329.76.
Analyst Consensus: Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $210 | $305.53 | $320 | $380 |
| Change | -36.32% | -7.35% | -2.96% | +15.24% |
Analyst Ratings
The average analyst rating for TT stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 3 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 10 | 10 | 10 | 8 | 7 | 7 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 17 | 14 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $354 → $380 | Buy | Maintains | $354 → $380 | +15.24% | Jun 4, 2024 |
| UBS | UBS | Strong Buy Maintains $330 → $375 | Strong Buy | Maintains | $330 → $375 | +13.72% | Jun 3, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $247 → $300 | Hold | Maintains | $247 → $300 | -9.02% | May 2, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $281 → $295 | Sell | Maintains | $281 → $295 | -10.54% | May 2, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $355 → $366 | Strong Buy | Maintains | $355 → $366 | +10.99% | May 1, 2024 |
Financial Forecast
Revenue This Year
19.81B
from 17.68B
Increased by 12.06%
from 17.68B
Revenue Next Year
21.11B
from 19.81B
Increased by 6.57%
from 19.81B
EPS This Year
10.83
from 8.77
Increased by 23.48%
from 8.77
EPS Next Year
12.14
from 10.83
Increased by 12.12%
from 10.83
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.08B | 12.45B | 14.14B | 15.99B | 17.68B | 19.81B | 21.11B | 22.55B | 24.77B | 26.63B |
| Revenue Growth | 5.93% | -4.75% | 13.50% | 13.12% | 10.54% | 12.06% | 6.57% | 6.80% | 9.85% | 7.51% |
| EPS | 5.77 | 3.52 | 5.87 | 7.48 | 8.77 | 10.83 | 12.14 | 13.68 | 14.04 | 14.29 |
| EPS Growth | 7.85% | -38.99% | 66.76% | 27.43% | 17.25% | 23.48% | 12.12% | 12.68% | 2.61% | 1.76% |
| Forward PE | - | - | - | - | - | 30.45 | 27.16 | 24.10 | 23.49 | 23.08 |
| No. Analysts | - | - | - | - | - | 28 | 28 | 14 | 4 | 4 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.4B | 22.1B | 23.7B | 25.3B | 27.1B |
| Avg | 19.8B | 21.1B | 22.5B | 24.8B | 26.6B |
| Low | 18.5B | 19.6B | 20.6B | 23.6B | 25.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.6% | 11.7% | 12.0% | 12.0% | 9.6% |
| Avg | 12.1% | 6.6% | 6.8% | 9.9% | 7.5% |
| Low | 4.8% | -1.1% | -2.2% | 4.5% | 2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.26 | 13.20 | 14.86 | 14.31 | 14.56 |
| Avg | 10.83 | 12.14 | 13.68 | 14.04 | 14.29 |
| Low | 10.17 | 11.04 | 12.35 | 13.36 | 13.59 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.4% | 21.9% | 22.4% | 4.6% | 3.7% |
| Avg | 23.5% | 12.1% | 12.7% | 2.6% | 1.8% |
| Low | 16.0% | 2.0% | 1.7% | -2.4% | -3.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
