Barclays Cuts Carrier Global (NYSE:CARR) Price Target to $67.00

Carrier Global (NYSE:CARR) had its price target decreased by Barclays from $72.00 to $67.00 in a report published on Wednesday, MarketBeat.com reports. Barclays currently has an overweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Wolfe Research lifted their target price on shares of Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. The Goldman Sachs Group upped their target price on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, CICC Research decreased their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.15.

Carrier Global Stock Performance

NYSE CARR opened at $55.79 on Wednesday. The firm’s 50 day simple moving average is $60.35 and its 200 day simple moving average is $57.49. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 2.27 and a beta of 1.32. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09. 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 announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $5.05 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts expect that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors have recently added to or reduced their stakes in the company. Spirepoint Private Client LLC boosted its stake in Carrier Global by 547.7% in the 3rd quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock worth $3,623,000 after purchasing an additional 51,324 shares in the last quarter. Becker Capital Management Inc. increased its stake in Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after purchasing an additional 22,377 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its stake in Carrier Global by 24.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock valued at $12,931,000 after purchasing an additional 42,161 shares in the last quarter. Oak Thistle LLC purchased a new position in Carrier Global in the third quarter worth about $1,986,000. Finally, Brookstone Capital Management lifted its stake in shares of Carrier Global by 220.8% in the third quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock worth $3,096,000 after buying an additional 35,691 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

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.