Carrier Global Corporation (NYSE:CARR) Stock Has Average Price Target of $70.71 According to Analysts

Carrier Global Corporation (NYSE:CARR) has received an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $70.43.

A number of research firms have recently issued reports on CARR. The Goldman Sachs Group downgraded shares of Carrier Global from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $74.00 to $61.00 in a research report on Wednesday, October 14th. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a research report on Friday, October 9th. They set a “neutral” rating and a $61.00 price objective for the company. Sanford C. Bernstein dropped their price objective on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Friday. Finally, Royal Bank Of Canada cut their target price on shares of Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th.

Carrier Global Stock Performance

Carrier Global stock opened at $55.29 on Thursday. Carrier Global has a 12 month low of $50.24 and a 12 month high of $76.76. The stock’s 50-day moving average is $57.44 and its 200-day moving average is $62.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The company has a market cap of $45.58 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global’s payout ratio is presently 66.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CARR. Novem Group bought a new stake in Carrier Global during the third quarter worth about $386,000. Kaufman Rossin Wealth LLC bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $241,000. Brown Lisle Cummings Inc. lifted its holdings in shares of Carrier Global by 583.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 4,467 shares of the company’s stock worth $245,000 after acquiring an additional 3,813 shares during the period. SteelPeak Wealth LLC lifted its holdings in shares of Carrier Global by 16.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 59,460 shares of the company’s stock worth $3,262,000 after acquiring an additional 8,306 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Carrier Global by 5.8% during the 3rd quarter. IFP Advisors Inc now owns 102,583 shares of the company’s stock worth $5,628,000 after acquiring an additional 5,649 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

About Carrier Global

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, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.