Carrier Global Corporation (NYSE:CARR) Given Average Recommendation of “Moderate Buy” by Analysts

Carrier Global Corporation (NYSE:CARR) has been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $70.8211.

A number of research analysts have issued reports on CARR shares. Wolfe Research lifted their price objective on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. CICC Research cut their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, UBS Group reduced their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th.

Institutional Investors Weigh In On Carrier Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the 3rd quarter valued at approximately $25,000. YANKCOM Partnership boosted its stake in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global in the 4th quarter worth $25,000. Winnow Wealth LLC purchased a new position in shares of Carrier Global in the second quarter worth $26,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Carrier Global in the second quarter worth $26,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $58.33 on Wednesday. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a 50 day simple moving average of $59.71 and a two-hundred day simple moving average of $58.34. The company has a market capitalization of $48.73 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.39 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20.

Carrier Global (NYSE:CARR) last released its earnings results 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). The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. Carrier Global’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts expect that Carrier Global will post 2.99 EPS for the current fiscal year.

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.