Brokerages Set Carrier Global Corporation (NYSE:CARR) PT at $70.82

Carrier Global Corporation (NYSE:CARR) has been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $70.8211.

Several research firms have recently issued reports on CARR. CICC Research cut their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. UBS Group lowered their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Wells Fargo & Company raised 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. Finally, Citigroup lifted their price objective on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th.

Institutional Trading of Carrier Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARR. Union Savings Bank purchased a new stake in Carrier Global during the 4th quarter valued at about $59,000. Hsbc Holdings PLC raised its stake in shares of Carrier Global by 26.7% in the fourth quarter. Hsbc Holdings PLC now owns 1,649,655 shares of the company’s stock worth $87,339,000 after purchasing an additional 347,955 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of Carrier Global during the fourth quarter worth about $563,000. Reflection Asset Management acquired a new stake in shares of Carrier Global during the fourth quarter worth about $41,000. Finally, Banque Transatlantique SA boosted its position in Carrier Global by 2.0% in the fourth quarter. Banque Transatlantique SA now owns 14,993 shares of the company’s stock valued at $792,000 after buying an additional 296 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 3.4%

Carrier Global stock opened at $58.36 on Wednesday. Carrier Global has a 1-year low of $50.24 and a 1-year high of $81.09. The business has a fifty day moving average price of $59.51 and a 200-day moving average price of $58.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.34 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s quarterly 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. Equities research analysts forecast that Carrier Global will post 2.99 EPS for the current fiscal year.

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.