Recent meaningful positive changes in fundamentals have benefitted Trane Technologies plc (NYSE: TT): significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Trane Technologies plc (NYSE: TT) has benefited from notable positive changes in investment behavior: its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TT is expected to continue to be a major Value Builder.
Trane Technologies plc has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Trane Technologies plc has a poor Appreciation Score of 24 but a very high Power Rating of 96, and the High Neutral Value Trend Rating results.
Recent Price Action
Trane Technologies plc (NYSE: TT) stock rose slightly by 0.06% on 8/12/24. The stock closed at $332.89. However, this advance was accompanied by unusually low trading volume at 58% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.5% during the last week.
Be the first to comment