Carrier Global (NYSE:CARR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Carrier Global (NYSE:CARR) had its price objective increased by analysts at Morgan Stanley from $55.00 to $60.00 in a research note issued on Thursday,MarketScreener reports. Morgan Stanley’s price target suggests a potential downside of 4.53% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Wolfe Research increased their target price on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. BNP Paribas Exane began coverage on Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Royal Bank Of Canada increased their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Evercore raised their price objective on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Citigroup boosted their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Price Performance

NYSE:CARR opened at $62.85 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The company has a 50 day moving average price of $61.22 and a 200-day moving average price of $58.55. Carrier Global has a 1-year low of $50.24 and a 1-year high of $81.09. The firm has a market cap of $52.20 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

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

Institutional Trading of Carrier Global

Large investors have recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global in the 3rd quarter valued at $25,000. YANKCOM Partnership lifted its stake in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates boosted its position in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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.