Analysts Set Carrier Global Corporation (NYSE:CARR) Target Price at $70.82

Carrier Global Corporation (NYSE:CARR) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $70.1544.

A number of equities analysts have issued reports on CARR shares. The Goldman Sachs Group increased their price objective on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Robert W. Baird upped their target price on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wolfe Research lifted their price target on shares of Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th.

Institutional Trading of Carrier Global

A number of hedge funds have recently made changes to their positions in the stock. Aigen Investment Management LP raised its stake in Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares during the last quarter. Advisor OS LLC increased its holdings in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares in the last quarter. Ironwood Investment Counsel LLC raised its position in shares of Carrier Global by 4.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock worth $244,000 after purchasing an additional 181 shares during the last quarter. Finally, River Wealth Advisors LLC boosted its stake in Carrier Global by 2.2% in the 2nd quarter. River Wealth Advisors LLC now owns 8,603 shares of the company’s stock worth $630,000 after purchasing an additional 184 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR opened at $55.79 on Friday. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The company has a 50-day simple moving average of $60.35 and a two-hundred day simple moving average of $57.47. 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 capitalization of $46.61 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32.

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

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.