Deutsche Bank Aktiengesellschaft Cuts Carrier Global (NYSE:CARR) Price Target to $64.00

Carrier Global (NYSE:CARR) had its target price lowered by Deutsche Bank Aktiengesellschaft from $71.00 to $64.00 in a research note issued to investors on Wednesday. The firm currently has a hold rating on the stock.

A number of other equities analysts also recently weighed in on CARR. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a research note on Thursday, July 30th. Citigroup increased 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. The Goldman Sachs Group cut their target price on Carrier Global from $85.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Finally, Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.04.

Carrier Global Stock Down 0.2%

CARR opened at $55.14 on Wednesday. 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 stock has a market capitalization of $45.45 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The business has a 50-day moving average of $59.31 and a two-hundred day moving average of $62.93. Carrier Global has a 12 month low of $50.24 and a 12 month high of $76.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, research analysts expect that Carrier Global will post 2.87 earnings per share for the current year.

Hedge Funds Weigh In On Carrier Global

Several hedge funds and other institutional investors have recently made changes to their positions in CARR. Van Hulzen Asset Management LLC purchased a new position in shares of Carrier Global in the second quarter valued at $1,992,000. Cardinal Capital Management Inc. grew its holdings in Carrier Global by 7.1% during the 2nd quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after purchasing an additional 37,934 shares in the last quarter. Avity Investment Management Inc. increased its stake in Carrier Global by 33.9% during the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after buying an additional 49,260 shares during the period. California Public Employees Retirement System increased its stake in Carrier Global by 1.5% during the 1st quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after buying an additional 21,367 shares during the period. Finally, Mandatum Life Insurance Co Ltd lifted its holdings in Carrier Global by 36.1% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after buying an additional 29,495 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

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, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.