20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Throughout the last three months, 4 analysts have evaluated Trane Technologies (NYSE:TT), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $284.5, with a high estimate of $325.00 and a low estimate of $246.00. Marking an increase of 13.23%, the current average surpasses the previous average price target of $251.25.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive Trane Technologies is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Overweight | $325.00 | $286.00 |
| Tommy Moll | Stephens & Co. | Raises | Equal-Weight | $280.00 | $235.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $287.00 | $253.00 |
| Deane Dray | RBC Capital | Raises | Sector Perform | $246.00 | $231.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Trane Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Trane Technologies compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Trane Technologies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Trane Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Trane Technologies analyst ratings.
Unveiling the Story Behind Trane Technologies
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $18 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.
Trane Technologies's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Trane Technologies showcased positive performance, achieving a revenue growth rate of 8.6% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Trane Technologies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.4%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Trane Technologies's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 7.37%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Trane Technologies's ROA excels beyond industry benchmarks, reaching 2.63%. This signifies efficient management of assets and strong financial health.
Debt Management: Trane Technologies's debt-to-equity ratio is below the industry average at 0.68, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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