Carrier Global Corporation (NYSE:CARR) Receives $70.82 Average Target Price from Analysts

Carrier Global Corporation (NYSE:CARR) has received an average rating of “Moderate Buy” from the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $70.8211.

CARR has been the topic of a number of recent research reports. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a research note on Thursday, January 8th. Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Royal Bank Of Canada lifted their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Rothschild & Co Redburn cut their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Finally, Mizuho reduced their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, January 5th.

Institutional Trading of Carrier Global

Several hedge funds have recently modified their holdings of the stock. Aigen Investment Management LP increased its holdings in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after purchasing an additional 166 shares during the period. Advisory Alpha LLC raised its position in Carrier Global by 2.9% in the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after purchasing an additional 171 shares in the last quarter. Advisor OS LLC boosted its stake in shares of Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after buying an additional 178 shares during the period. Ironwood Investment Counsel LLC boosted its stake in shares of Carrier Global by 4.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after buying an additional 181 shares during the period. Finally, River Wealth Advisors LLC grew its position in shares of Carrier Global by 2.2% during the second quarter. River Wealth Advisors LLC now owns 8,603 shares of the company’s stock worth $630,000 after buying an additional 184 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Up 3.5%

CARR opened at $56.27 on Friday. Carrier Global has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $60.43 and a 200-day simple moving average of $57.54. The firm has a market cap of $47.01 billion, a P/E ratio of 32.91, a P/E/G ratio of 2.22 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. Carrier Global’s quarterly revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts expect that Carrier Global will post 2.99 earnings per share for the current year.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.