Trane (TT) Stock Forecast, Price Target & Predictions
TT Stock Forecast
Trane stock forecast is as follows: an average price target of $240.37 (represents a -34.01% downside from TT’s last price of $364.23) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.
TT Price Target
The average price target for Trane (TT) is $240.37 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $425.00 to $160.00. This represents a potential -34.01% downside from TT's last price of $364.23.
TT Analyst Ratings
According to 21 Wall Street analysts, Trane's rating consensus is 'Buy'. The analyst rating breakdown for TT stock is 0 'Strong Buy' (0.00%), 14 'Buy' (66.67%), 7 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Trane Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Chris Snyder | Morgan Stanley | $425.00 | $342.91 | 23.94% | 16.68% |
| Aug 01, 2024 | Deane Dray | RBC Capital | $350.00 | $334.28 | 4.70% | -3.91% |
| Jun 04, 2024 | Julian Mitchell | Barclays | $380.00 | $321.50 | 18.20% | 4.33% |
| May 01, 2024 | Tommy Moll | Stephens | $320.00 | $317.34 | 0.84% | -12.14% |
| May 01, 2024 | Brett Linzey | Mizuho Securities | $325.00 | $312.71 | 3.93% | -10.77% |
| May 01, 2024 | Deane Dray | RBC Capital | $330.00 | $313.64 | 5.21% | -9.40% |
| May 01, 2024 | Julian Mitchell | Barclays | $354.00 | $317.34 | 11.55% | -2.81% |
| Feb 06, 2023 | - | Goldman Sachs | $203.00 | $185.73 | 9.30% | -44.27% |
| Feb 06, 2023 | - | Stephens | $185.00 | $185.12 | -0.06% | -49.21% |
| Feb 03, 2023 | - | RBC Capital | $177.00 | $185.39 | -4.53% | -51.40% |
The latest Trane stock forecast, released on Sep 06, 2024 by Chris Snyder from Morgan Stanley, set a price target of $425.00, which represents a 23.94% increase from the stock price at the time of the forecast ($342.91), and a 16.68% increase from TT last price ($364.23).
Trane Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 7 |
| Avg Price Target | $425.00 | $387.50 | $354.86 |
| Last Closing Price | $364.23 | $364.23 | $364.23 |
| Upside/Downside | 16.68% | 6.39% | -2.57% |
In the current month, the average price target of Trane stock is $425.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 16.68% increase as opposed to Trane's last price of $364.23. This month's average price target is up 9.68% compared to last quarter, and up 19.77% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | Citigroup | Buy | Buy | Hold |
| Sep 10, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Sep 10, 2024 | UBS | Neutral | Buy | Initialise |
| Sep 06, 2024 | Stephens | Underperform | Underperform | Hold |
| Sep 06, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
| Aug 14, 2024 | UBS | Neutral | Neutral | Hold |
| Aug 01, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 01, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 23, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 10, 2024 | Barclays | Overweight | Overweight | Hold |
Trane's last stock rating was published by Citigroup on Sep 12, 2024. The company gave TT a "Buy" rating, the same as its previous rate.
Trane Financial Forecast
Trane Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $4.42B | $4.88B | $4.70B | $3.67B | $4.07B | $4.37B | - | $3.36B | $3.57B | $3.72B | $3.83B | $3.02B | $3.18B | $3.50B | $3.14B | $2.64B | $4.15B | $4.34B |
| Avg Forecast | $5.45B | $6.07B | $6.08B | $4.82B | $5.09B | $5.70B | $5.70B | $4.51B | $4.73B | $5.30B | $5.13B | $4.00B | $4.43B | $4.80B | $4.61B | $3.64B | $3.94B | $4.14B | $4.12B | $3.15B | $3.54B | $3.78B | $3.77B | $2.86B | $3.08B | $3.15B | $2.79B | $2.72B | $4.16B | $4.30B |
| High Forecast | $5.50B | $6.13B | $6.14B | $4.87B | $5.15B | $5.76B | $5.76B | $4.56B | $4.78B | $5.33B | $5.18B | $4.04B | $4.46B | $4.86B | $4.66B | $3.68B | $3.98B | $4.18B | $4.12B | $3.18B | $3.57B | $3.81B | $3.79B | $2.88B | $3.10B | $3.17B | $2.81B | $2.74B | $4.19B | $4.33B |
| Low Forecast | $5.38B | $5.99B | $6.01B | $4.76B | $5.03B | $5.63B | $5.63B | $4.46B | $4.67B | $5.26B | $5.07B | $3.95B | $4.41B | $4.75B | $4.56B | $3.60B | $3.89B | $4.09B | $4.12B | $3.11B | $3.49B | $3.73B | $3.71B | $2.81B | $3.03B | $3.10B | $2.75B | $2.68B | $4.10B | $4.23B |
| # Analysts | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 6 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 1.02% | 1.01% | 1.03% | 1.06% | - | 1.06% | 1.01% | 0.98% | 1.02% | 1.06% | 1.03% | 1.11% | 1.13% | 0.97% | 1.00% | 1.01% |
Trane's average Quarter revenue forecast for Mar 24 based on 3 analysts is $4.00B, with a low forecast of $3.95B, and a high forecast of $4.04B. TT's average Quarter revenue forecast represents a -9.66% decrease compared to the company's last Quarter revenue of $4.42B (Dec 23).
Trane EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 6 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $767.80M | $864.20M | $885.40M | $527.20M | $578.30M | $810.20M | - | $468.40M | $515.70M | $632.40M | $721.60M | $419.20M | $449.60M | $627.40M | $457.80M | $160.00M | $539.50M | $741.10M |
| Avg Forecast | $876.18M | $975.69M | $978.04M | $775.20M | $819.29M | $916.31M | $916.53M | $725.21M | $760.32M | $851.73M | $824.79M | $477.84M | $711.94M | $772.14M | $741.66M | $434.40M | $633.89M | $718.08M | $662.72M | $394.91M | $496.02M | $652.80M | $714.00M | $171.06M | $806.97M | $455.45M | $263.80M | $187.69M | $547.10M | $710.06M |
| High Forecast | $885.30M | $985.85M | $988.22M | $783.27M | $827.82M | $925.85M | $926.07M | $732.75M | $768.24M | $856.56M | $833.37M | $573.40M | $716.77M | $782.12M | $749.38M | $521.27M | $640.48M | $861.70M | $662.72M | $473.89M | $595.22M | $783.36M | $856.81M | $205.27M | $968.37M | $546.54M | $316.56M | $225.23M | $656.52M | $852.07M |
| Low Forecast | $865.94M | $964.29M | $966.61M | $766.14M | $809.72M | $905.60M | $905.82M | $716.73M | $751.44M | $846.90M | $815.15M | $382.27M | $708.72M | $763.58M | $732.99M | $347.52M | $626.48M | $574.46M | $662.72M | $315.92M | $396.81M | $522.24M | $571.20M | $136.85M | $645.58M | $364.36M | $211.04M | $150.15M | $437.68M | $568.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.12% | 1.19% | 1.21% | 0.91% | 1.13% | - | 1.19% | 1.04% | 0.97% | 1.01% | 2.45% | 0.56% | 1.38% | 1.74% | 0.85% | 0.99% | 1.04% |
3 analysts predict TT's average Quarter EBITDA for Mar 24 to be $477.84M, with a high of $573.40M and a low of $382.27M. This is -37.77% lower than Trane's previous annual EBITDA (Dec 23) of $767.80M.
Trane Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 6 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $504.30M | $626.30M | $586.20M | $307.10M | $439.10M | $547.90M | - | $260.20M | $329.10M | $405.70M | $464.70M | $235.20M | $244.70M | $400.60M | $238.80M | $-29.20M | $296.10M | $458.80M |
| Avg Forecast | $714.86M | $941.63M | $963.65M | $579.25M | $642.14M | $838.55M | $855.14M | $519.32M | $551.50M | $735.34M | $705.51M | $273.50M | $487.79M | $609.35M | $585.05M | $248.64M | $376.07M | $460.67M | $482.07M | $226.03M | $305.67M | $418.79M | $459.81M | $95.98M | $690.61M | $290.81M | $137.61M | $-34.25M | $300.27M | $439.58M |
| High Forecast | $724.53M | $954.37M | $976.69M | $587.09M | $650.83M | $849.89M | $866.71M | $526.34M | $558.96M | $753.61M | $715.06M | $328.20M | $499.24M | $632.26M | $592.96M | $298.36M | $381.16M | $552.80M | $482.07M | $271.24M | $366.80M | $502.54M | $551.77M | $115.17M | $828.74M | $348.97M | $165.13M | $-27.40M | $360.32M | $527.50M |
| Low Forecast | $704.00M | $927.32M | $949.00M | $570.45M | $632.39M | $825.81M | $842.15M | $511.43M | $543.12M | $726.20M | $694.79M | $218.80M | $483.20M | $600.19M | $576.16M | $198.91M | $370.36M | $368.53M | $482.07M | $180.83M | $244.54M | $335.03M | $367.85M | $76.78M | $552.49M | $232.64M | $110.08M | $-41.10M | $240.22M | $351.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.03% | 1.00% | 1.24% | 1.17% | 1.19% | - | 1.15% | 1.08% | 0.97% | 1.01% | 2.45% | 0.35% | 1.38% | 1.74% | 0.85% | 0.99% | 1.04% |
Trane's average Quarter net income forecast for Mar 24 is $273.50M, with a range of $218.80M to $328.20M. TT's average Quarter net income forecast represents a -45.77% decrease compared to the company's last Quarter net income of $504.30M (Dec 23).
Trane SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 6 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $783.70M | $793.90M | $699.00M | $686.70M | $638.90M | $693.30M | - | $600.80M | $605.80M | $620.80M | $619.70M | $600.00M | $559.90M | $567.80M | $554.80M | $588.10M | $821.20M | $785.30M |
| Avg Forecast | $948.59M | $1.06B | $1.06B | $839.26M | $887.00M | $992.03M | $992.27M | $785.13M | $823.15M | $922.11M | $892.94M | $631.51M | $770.77M | $835.95M | $802.94M | $574.10M | $686.27M | $704.91M | $717.48M | $521.91M | $582.68M | $640.83M | $613.18M | $244.84M | $492.96M | $412.18M | $319.70M | $689.89M | $832.77M | $752.41M |
| High Forecast | $958.46M | $1.07B | $1.07B | $848.00M | $896.23M | $1.00B | $1.00B | $793.31M | $831.72M | $927.34M | $902.24M | $757.81M | $776.00M | $846.75M | $811.30M | $688.92M | $693.41M | $845.89M | $717.48M | $626.29M | $699.21M | $768.99M | $735.81M | $293.81M | $591.55M | $494.62M | $383.64M | $827.86M | $999.32M | $902.89M |
| Low Forecast | $937.50M | $1.04B | $1.05B | $829.45M | $876.63M | $980.44M | $980.67M | $775.96M | $813.53M | $916.88M | $882.51M | $505.21M | $767.28M | $826.67M | $793.56M | $459.28M | $678.25M | $563.93M | $717.48M | $417.53M | $466.14M | $512.66M | $490.54M | $195.87M | $394.36M | $329.74M | $255.76M | $551.91M | $666.21M | $601.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.95% | 0.87% | 1.20% | 0.93% | 0.98% | - | 1.15% | 1.04% | 0.97% | 1.01% | 2.45% | 1.14% | 1.38% | 1.74% | 0.85% | 0.99% | 1.04% |
Trane's average Quarter SG&A projection for Mar 24 is $631.51M, based on 3 Wall Street analysts, with a range of $505.21M to $757.81M. The forecast indicates a -19.42% fall compared to TT last annual SG&A of $783.70M (Dec 23).
Trane EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 6 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.22 | $2.74 | $2.57 | $1.33 | $1.92 | $2.36 | - | $1.11 | $1.40 | $1.70 | $1.94 | $0.98 | $1.02 | $1.67 | $1.00 | $-0.12 | $1.24 | $1.90 |
| Avg Forecast | $3.13 | $4.12 | $4.21 | $2.53 | $2.81 | $3.67 | $3.74 | $2.27 | $2.41 | $3.22 | $3.08 | $1.65 | $2.13 | $2.66 | $2.56 | $1.34 | $1.64 | $2.12 | $2.10 | $0.99 | $1.31 | $1.85 | $1.90 | $0.62 | $0.92 | $1.35 | $0.75 | $0.52 | $1.10 | $1.48 |
| High Forecast | $3.17 | $4.17 | $4.27 | $2.57 | $2.85 | $3.72 | $3.79 | $2.30 | $2.44 | $3.30 | $3.13 | $1.67 | $2.18 | $2.76 | $2.59 | $1.35 | $1.67 | $2.15 | $2.10 | $1.00 | $1.33 | $1.86 | $1.91 | $0.62 | $0.93 | $1.36 | $0.75 | $0.52 | $1.11 | $1.49 |
| Low Forecast | $3.08 | $4.05 | $4.15 | $2.49 | $2.77 | $3.61 | $3.68 | $2.24 | $2.37 | $3.18 | $3.04 | $1.63 | $2.11 | $2.62 | $2.52 | $1.32 | $1.62 | $2.09 | $2.10 | $0.97 | $1.29 | $1.81 | $1.86 | $0.61 | $0.91 | $1.32 | $0.73 | $0.51 | $1.08 | $1.45 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.03% | 1.00% | 1.00% | 1.17% | 1.11% | - | 1.12% | 1.07% | 0.92% | 1.02% | 1.59% | 1.11% | 1.24% | 1.34% | -0.23% | 1.13% | 1.28% |
According to 3 Wall Street analysts, Trane's projected average Quarter EPS for Mar 24 is $1.65, with a low estimate of $1.63 and a high estimate of $1.67. This represents a -25.67% decrease compared to TT previous annual EPS of $2.22 (Dec 23).
Trane Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WMS | Advanced Drainage Systems | $147.58 | $189.80 | 28.61% | Buy |
| CSL | Carlisle Companies | $411.30 | $478.33 | 16.30% | Buy |
| JELD | JELD-WEN | $14.54 | $16.56 | 13.89% | Hold |
| FBIN | Fortune Brands Innovations | $83.16 | $84.25 | 1.31% | Hold |
| JCI | Johnson Controls | $72.55 | $72.56 | 0.01% | Buy |
| MAS | Masco | $80.21 | $73.58 | -8.27% | Hold |
| AZEK | AZEK Company | $43.98 | $39.29 | -10.66% | Buy |
| BLDR | Builders FirstSource | $183.30 | $151.25 | -17.48% | Buy |
| CARR | Carrier Global | $76.51 | $59.10 | -22.76% | Buy |
| TT | Trane | $364.23 | $240.37 | -34.01% | Buy |
| LII | Lennox | $591.23 | $358.36 | -39.39% | Buy |
TT Forecast FAQ
Is Trane a good buy?
Yes, according to 21 Wall Street analysts, Trane (TT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 66.67% of TT's total ratings.
What is TT's price target?
Trane (TT) average price target is $240.37 with a range of $160 to $425, implying a -34.01% from its last price of $364.23. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Trane stock go up soon?
According to Wall Street analysts' prediction for TT stock, the company can go down by -34.01% (from the last price of $364.23 to the average price target of $240.37), up by 16.68% based on the highest stock price target, and down by -56.07% based on the lowest stock price target.
Can Trane stock reach $500?
TT's average twelve months analyst stock price target of $240.37 does not support the claim that Trane can reach $500 in the near future.
What is Trane's current price target trend?
1 Wall Street analyst forecast a $425 price target for Trane (TT) this month, up 16.68% from its last price of $364.23. Compared to the last 3 and 12 months, the average price target increased by 6.39% and decreased by -2.57%, respectively.
What are Trane's analysts' financial forecasts?
Trane's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $21B (high $21.21B, low $20.75B), average EBITDA is $3.38B (high $3.41B, low $3.34B), average net income is $2.86B (high $2.89B, low $2.81B), average SG&A $3.66B (high $3.69B, low $3.61B), and average EPS is $12.48 (high $12.65, low $12.29). TT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $22.41B (high $22.65B, low $22.15B), average EBITDA is $3.61B (high $3.64B, low $3.56B), average net income is $3.2B (high $3.24B, low $3.15B), average SG&A $3.9B (high $3.94B, low $3.86B), and average EPS is $13.99 (high $14.18, low $13.78).
Did the TT's actual financial results beat the analysts' financial forecasts?
Based on Trane's last annual report (Dec 2023), the company's revenue was $17.68B, beating the average analysts forecast of $17.48B by 1.12%. Apple's EBITDA was $3.17B, beating the average prediction of $2.66B by 19.17%. The company's net income was $2.02B, beating the average estimation of $1.93B by 4.82%. Apple's SG&A was $2.96B, missing the average forecast of $2.98B by -0.69%. Lastly, the company's EPS was $8.91, beating the average prediction of $8.69 by 2.51%. In terms of the last quarterly report (Dec 2023), Trane's revenue was $4.42B, missing the average analysts' forecast of $4.43B by -0.04%. The company's EBITDA was $767.8M, beating the average prediction of $711.94M by 7.85%. Trane's net income was $504.3M, beating the average estimation of $487.79M by 3.39%. The company's SG&A was $783.7M, beating the average forecast of $770.77M by 1.68%. Lastly, the company's EPS was $2.22, beating the average prediction of $2.13 by 4.09%