Carrier Global (NYSE:CARR) Given New $76.00 Price Target at Wolfe Research

Carrier Global (NYSE:CARR) had its price target lifted by Wolfe Research from $75.00 to $76.00 in a research report released on Wednesday morning,MarketScreener reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Argus increased their price objective on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Royal Bank Of Canada dropped their target price on shares of Carrier Global from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays dropped their target price on shares of Carrier Global from $72.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Wells Fargo & Company dropped their target price on shares of Carrier Global from $65.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, Mizuho dropped their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.93.

Carrier Global Stock Up 2.9%

Shares of NYSE:CARR traded up $1.72 during trading hours on Wednesday, reaching $60.01. The stock had a trading volume of 657,038 shares, compared to its average volume of 7,296,037. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09. The firm’s 50 day moving average is $60.29 and its 200-day moving average 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. The stock has a market capitalization of $50.13 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.27 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 analysts’ expectations of $5.05 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts predict that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CARR. KERR FINANCIAL PLANNING Corp acquired a new stake in Carrier Global during the 3rd quarter worth $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 worth $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC acquired a new stake in Carrier Global during the 4th quarter worth $25,000. Clayton Financial Group LLC acquired a new stake in Carrier Global during the 3rd quarter worth $26,000. Finally, Global Wealth Strategies & Associates boosted its stake in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares during the period. 91.00% of the stock is 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.