Trane Technologies (TT) Stock Forecast & Price Target

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$289.39

-3.70 (-1.26%)

(As of 04/18/2024 ET)

Trane Technologies Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 11 Analyst Ratings

Analysts' Consensus Price Target

$251.83
-12.98% Downside

High Forecast	$355.00
Average Forecast	$251.83
Low Forecast	$191.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$251.83	$232.31	$215.00	$181.61
Predicted Upside	-12.98% Downside	4.70% Upside	6.98% Upside	6.36% Upside

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TT Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Trane Technologies Stock vs. The Competition

Type	Trane Technologies	Business Services Companies	S&P 500
Consensus Rating Score	2.27	2.63	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-12.98% Downside	233.76% Upside	12.30% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$309.00 ➝ $355.00	+16.84%
4/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$286.00 ➝ $325.00	+9.01%
2/6/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$235.00 ➝ $280.00	+3.47%
2/5/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$253.00 ➝ $287.00	+5.99%
2/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$231.00 ➝ $246.00	-10.71%
12/19/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$200.00 ➝ $246.00	+2.43%
Get the Latest News and Ratings for TT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Trane Technologies and its competitors with MarketBeat's FREE daily newsletter.
10/6/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Neutral	$191.00	-4.89%
10/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$187.00 ➝ $210.00	+4.80%
9/22/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$231.00 ➝ $234.00	+18.17%
9/15/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$256.00	+26.70%
8/3/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$185.00 ➝ $200.00	-2.47%
5/4/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
5/4/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$200.00 ➝ $192.00	+8.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:35 PM ET.

TT Price Target - Frequently Asked Questions

What is Trane Technologies's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Trane Technologies stock is Hold based on the current 1 sell rating, 6 hold ratings and 4 buy ratings for TT. The average twelve-month price prediction for Trane Technologies is $251.83 with a high price target of $355.00 and a low price target of $191.00. Learn more on TT's analyst rating history.
Do Wall Street analysts like Trane Technologies more than its competitors?: Analysts like Trane Technologies less than other Business Services companies. The consensus rating for Trane Technologies is Hold while the average consensus rating for business services companies is Moderate Buy. Learn more on how TT compares to other companies.
Does Trane Technologies's stock price have much upside?: According to analysts, Trane Technologies's stock has a predicted upside of 5.15% based on their 12-month stock forecasts.

What analysts cover Trane Technologies?: Trane Technologies has been rated by Barclays, Citigroup, Royal Bank of Canada, Stephens, and The Goldman Sachs Group in the past 90 days.

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This page (NYSE:TT) was last updated on 4/18/2024 by MarketBeat.com Staff

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Trane Technologies (TT) Stock Forecast & Price Target

Trane Technologies Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

TT Analyst Ratings By Month

TT Price Targets by Month

Trane Technologies Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

TT Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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