Carrier Global (NYSE:CARR) Stock Price Target Lowered at Mizuho

Carrier Global (NYSE:CARR) had its price target decreased by equities research analysts at Mizuho from $75.00 to $70.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 29.14% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. JPMorgan Chase & Co. began coverage on shares of Carrier Global in a research report on Friday, October 9th. They set a “neutral” rating and a $61.00 price target for the company. Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group lowered shares of Carrier Global from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $74.00 to $61.00 in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Carrier Global Trading Down 1.5%

NYSE CARR opened at $54.21 on Thursday. The firm has a market capitalization of $44.68 billion, a PE ratio of 37.64, a P/E/G ratio of 1.88 and a beta of 1.29. The stock’s 50 day moving average is $57.96 and its 200 day moving average is $62.84. Carrier Global has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Research analysts forecast that Carrier Global will post 2.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

Large investors have recently modified their holdings of the stock. Johnson Financial Group Inc. purchased a new position in Carrier Global in the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Carrier Global in the second quarter worth approximately $26,000. Financial Management Professionals Inc. grew its holdings in shares of Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Downshift Financial LLC grew its holdings in shares of Carrier Global by 69.5% during the third quarter. Downshift Financial LLC now owns 517 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the last quarter. Finally, Signature Equity Partners LLC grew its holdings in shares of Carrier Global by 449.2% during the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Company Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.