Credit Suisse (SIX:CSGN) analyst John Walsh maintained a Buy rating on Trane Technologies (NYSE:TT) on Friday, setting a price target of $132, which is approximately 3.99% above the present share price of $126.93.
Walsh expects Trane Technologies to post earnings per share (EPS) of $1.00 for the fourth quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Trane Technologies, with an average price target of $117.
The analysts price targets range from a high of $135 to a low of $97.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.14 billion and a net profit of $423.5 million. The company's market cap is $29.65 billion.
According to TipRanks.com, Credit Suisse analyst John Walsh is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.1% and a 71.84% success rate.
Ingersoll Rand (NYSE:IR) is a diversified industrial company that currently operates two segments. The $12.3 billion climate segment manufactures and services HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $3.3 billion industrial segment sells Ingersoll Rand-branded compression systems and power tools, ARO-branded fluid management equipment, and Club Car-branded utility vehicles. Ingersoll Rand announced it will spin off and merge its industrial segment with Gardner Denver in 2020 and operate as a pure-play HVAC and refrigeration business thereafter. The Irish-domiciled company generates approximately two thirds of its sales in the United States.