Carrier Global (NYSE:CARR) Raised to Hold at Zacks Research

Carrier Global (NYSE:CARR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

CARR has been the topic of several other reports. Mizuho dropped their price target on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Barclays dropped their price target on shares of Carrier Global from $72.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group increased their price target on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Argus increased their price target on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Wolfe Research increased their price target on shares of Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.82.

Carrier Global Stock Up 5.2%

CARR stock opened at $58.33 on Tuesday. The company’s 50 day moving average price is $60.29 and its 200 day moving average price is $57.38. 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 has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market capitalization of $48.73 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.27 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion during 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%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global will post 2.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Several large investors have recently modified their holdings of the company. Aigen Investment Management LP boosted its holdings in shares of Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC lifted its holdings in shares of Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after purchasing an additional 171 shares during the period. Advisor OS LLC lifted its holdings in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after purchasing an additional 178 shares during the period. Ironwood Investment Counsel LLC lifted its holdings in shares of Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock worth $244,000 after purchasing an additional 181 shares during the period. Finally, Wescott Financial Advisory Group LLC lifted its holdings in shares of Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock worth $220,000 after purchasing an additional 186 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

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.