CICC Research Issues Pessimistic Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its target price cut by CICC Research from $76.85 to $69.78 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. CICC Research’s price target suggests a potential upside of 2.50% from the company’s current price.

CARR has been the subject of several other research reports. Rothschild & Co Redburn dropped their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Argus increased their price target on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Morgan Stanley set a $55.00 target price on Carrier Global in a research report on Thursday, January 8th. Finally, Citigroup raised their target price on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.60.

Carrier Global Stock Performance

CARR opened at $68.08 on Wednesday. The company has a 50 day simple moving average of $56.15 and a two-hundred day simple moving average of $59.03. 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 firm has a market cap of $56.90 billion, a P/E ratio of 39.82, a PEG ratio of 2.64 and a beta of 1.33. Carrier Global has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts forecast that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global declared that its board has approved a share repurchase program on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. AdvisorShares Investments LLC purchased a new position in Carrier Global during the 2nd quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Carrier Global during the third quarter worth $25,000. YANKCOM Partnership boosted its stake in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $25,000. Finally, Winnow Wealth LLC purchased a new position in Carrier Global in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Company Profile

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.