Carrier Global (NYSE:CARR) Price Target Cut to $60.00 by Analysts at JPMorgan Chase & Co.

Carrier Global (NYSE:CARR) had its price target dropped by JPMorgan Chase & Co. from $61.00 to $60.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.26% from the stock’s current price.

CARR has been the subject of a number of other reports. The Goldman Sachs Group lowered 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 research report on Wednesday, October 14th. Royal Bank Of Canada lowered their target price on shares of Carrier Global from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday. Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. BNP Paribas Exane cut their price target on shares of Carrier Global from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday. Finally, 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. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Carrier Global Stock Performance

Shares of Carrier Global stock traded down $2.09 during trading hours on Friday, reaching $53.45. The company had a trading volume of 9,822,210 shares, compared to its average volume of 6,731,465. The firm has a market cap of $44.06 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. Carrier Global has a one year low of $50.24 and a one year high of $76.76. 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 business has a fifty day simple moving average of $56.37 and a 200 day simple moving average of $61.71.

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

Hedge Funds Weigh In On Carrier Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Investment Management Inc. boosted its stake in Carrier Global by 13.4% in the third quarter. Rakuten Investment Management Inc. now owns 142,964 shares of the company’s stock worth $7,917,000 after buying an additional 16,925 shares in the last quarter. Markel Group Inc. raised its stake in shares of Carrier Global by 2.1% during the third quarter. Markel Group Inc. now owns 240,000 shares of the company’s stock worth $13,166,000 after acquiring an additional 5,000 shares in the last quarter. Provenance Wealth Advisors LLC raised its stake in shares of Carrier Global by 226.4% during the third quarter. Provenance Wealth Advisors LLC now owns 4,566 shares of the company’s stock worth $250,000 after acquiring an additional 3,167 shares in the last quarter. Integrity Alliance LLC. lifted its holdings in shares of Carrier Global by 7.3% in the 3rd quarter. Integrity Alliance LLC. now owns 21,115 shares of the company’s stock worth $1,158,000 after acquiring an additional 1,441 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Carrier Global by 5.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 101,289 shares of the company’s stock worth $5,557,000 after acquiring an additional 5,310 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Carrier Global News

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

• Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
• Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

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.