Analysts Set Carrier Global Corporation (NYSE:CARR) Target Price at $73.60

Carrier Global Corporation (NYSE:CARR) has received an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $73.5989.

Several equities analysts have commented on the company. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Citigroup lifted their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Morgan Stanley boosted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th.

Carrier Global Stock Up 1.2%

Shares of NYSE CARR opened at $55.27 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The company has a market cap of $45.56 billion, a P/E ratio of 38.38, a PEG ratio of 2.10 and a beta of 1.30. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76. The firm has a 50-day simple moving average of $61.39 and a two-hundred day simple moving average of $63.12.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Research analysts anticipate that Carrier Global will post 2.87 earnings per share for the current year.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors have recently modified their holdings of CARR. Johnson Financial Group Inc. purchased a new position in shares of Carrier Global during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in Carrier Global during the second quarter worth $26,000. Financial Management Professionals Inc. lifted its holdings in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Burnham & Co LLC acquired a new stake in shares of Carrier Global in the second quarter valued at about $37,000. Finally, Signature Equity Partners LLC increased its stake in shares of Carrier Global by 449.2% during the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.