JPMorgan Chase & Co. Boosts Carrier Global (NYSE:CARR) Price Target to $67.00

Carrier Global (NYSE:CARR) had its target price increased by equities researchers at JPMorgan Chase & Co. from $63.00 to $67.00 in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.58% from the stock’s current price.

Several other equities analysts have also commented on the stock. Barclays increased their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company increased their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, Robert W. Baird increased their price objective on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.

Carrier Global Stock Down 3.1%

NYSE:CARR opened at $64.68 on Thursday. The stock has a market capitalization of $53.72 billion, a P/E ratio of 42.55, a P/E/G ratio of 2.66 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The company’s 50-day simple moving average is $60.31 and its 200-day simple moving average is $58.27. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts anticipate that Carrier Global will post 2.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

A number of hedge funds and other institutional investors have recently made changes to their positions in CARR. Norges Bank acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $380,299,000. Capital International Investors grew its stake in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Carrier Global by 506.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after purchasing an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Carrier Global by 461.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after purchasing an additional 2,022,136 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $99,839,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

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.