Carrier Global (NYSE:CARR) Stock Price Expected to Rise, Argus Analyst Says

Carrier Global (NYSE:CARR) had its price objective boosted by Argus from $70.00 to $72.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Argus’ price objective indicates a potential upside of 13.06% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Wolfe Research decreased their price target on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Oppenheimer restated a “market perform” rating on shares of Carrier Global in a report on Wednesday, October 29th. Barclays decreased their price objective on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.65.

Carrier Global Trading Up 0.9%

Shares of NYSE:CARR opened at $63.69 on Monday. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09. The business’s fifty day simple moving average is $55.44 and its 200-day simple moving average is $59.18. The company has a market capitalization of $53.64 billion, a PE ratio of 37.33, a P/E/G ratio of 2.63 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

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

Carrier Global announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Carrier Global

Institutional investors have recently bought and sold shares of the company. AdvisorShares Investments LLC acquired a new position in shares of Carrier Global during the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Carrier Global during the 2nd quarter worth $26,000. Winnow Wealth LLC purchased a new position in Carrier Global in the 2nd quarter valued at about $26,000. Traub Capital Management LLC bought a new position in Carrier Global during the 2nd quarter valued at $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global during the third quarter worth $25,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

About Carrier Global

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.