Carrier Global (NYSE:CARR) Given New $71.00 Price Target at Citigroup

Carrier Global (NYSE:CARR) had its target price reduced by stock analysts at Citigroup from $80.00 to $71.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup‘s target price indicates a potential upside of 32.84% from the company’s previous close.

Several other equities analysts have also weighed in on CARR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Friday, October 16th. Wells Fargo & Company lowered their price target on shares of Carrier Global from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday. Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Finally, The Goldman Sachs Group cut shares of Carrier Global from a “buy” rating to a “neutral” rating and cut their price objective for the company from $74.00 to $61.00 in a report on Wednesday, October 14th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $69.60.

Carrier Global Stock Performance

NYSE:CARR traded down $2.09 during mid-day trading on Friday, hitting $53.45. The company’s stock had a trading volume of 9,822,197 shares, compared to its average volume of 6,731,465. The business’s fifty day moving average is $56.50 and its two-hundred day moving average is $61.72. The stock has a market cap of $44.06 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.92 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Analysts anticipate that Carrier Global will post 2.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Carrier Global in the 2nd quarter valued at $590,759,000. Bank of America Corp DE bought a new position in Carrier Global during the second quarter worth $572,908,000. Legal & General Group Plc bought a new position in Carrier Global during the second quarter worth $322,366,000. Primecap Management Co. CA bought a new position in Carrier Global during the second quarter worth $283,585,000. Finally, Deutsche Bank AG acquired a new position in shares of Carrier Global in the second quarter valued at $166,165,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Key Headlines Impacting Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Strong Q3 earnings and sales: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12% year over year to $6.26 billion, exceeding expectations. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand outlook remains robust: Company orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog above $8.5 billion and signed multibillion-dollar long-term agreements with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales guidance was raised: Higher HVAC demand, backlog strength and tariff refunds supported an improved 2026 sales outlook. Carrier generated $674 million in free cash flow and returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analyst views remain constructive but less optimistic: Wells Fargo, BNP Paribas Exane and RBC lowered their price targets to $65, $60 and $70, respectively. Ratings remain overweight, neutral and outperform, indicating continued expected upside but more cautious expectations.
• Negative Sentiment: GAAP results included a sizable impairment: Carrier reported GAAP EPS of negative $3.16, largely reflecting a goodwill impairment charge, which may weigh on headline earnings despite the adjusted-profit beat.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, about 189% above typical daily put volume, signaling heightened near-term hedging or bearish speculation.

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, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.