Carrier Global Corporation (NYSE:CARR) Receives Consensus Rating of “Moderate Buy” from Analysts

Carrier Global Corporation (NYSE:CARR) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $73.38.

CARR has been the topic of several recent analyst reports. Wells Fargo & Company set a $67.00 target price on shares of Carrier Global and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Morgan Stanley lifted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th.

Carrier Global Trading Down 0.5%

Carrier Global stock opened at $54.84 on Friday. The firm has a market cap of $45.21 billion, a PE ratio of 38.08, a P/E/G ratio of 2.13 and a beta of 1.30. Carrier Global has a 12 month low of $50.24 and a 12 month high of $76.76. The stock’s 50 day simple moving average is $60.83 and its two-hundred day simple moving average is $63.06. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts anticipate that Carrier Global will post 2.87 earnings per share for the current year.

Institutional Trading of Carrier Global

A number of institutional investors and hedge funds have recently modified their holdings of CARR. Johnson Financial Group Inc. acquired a new stake in Carrier Global in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Carrier Global during the second quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its stake in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Signature Equity Partners LLC boosted its stake in Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares during the last quarter. Finally, Burnham & Co LLC purchased a new stake in shares of Carrier Global during the second quarter worth $37,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Company Profile

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 and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.