Carrier Global (NYSE:CARR) Given New $70.00 Price Target at Royal Bank Of Canada

Carrier Global (NYSE:CARR) had its price target decreased by stock analysts at Royal Bank Of Canada from $72.00 to $70.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 31.46% from the stock’s current price.

Several other equities analysts have also weighed in on CARR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Friday, October 16th. Citigroup raised their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Mizuho decreased their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Zacks Research lowered Carrier Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.32.

Carrier Global Trading Down 4.1%

CARR traded down $2.29 during trading on Friday, hitting $53.25. The company’s stock had a trading volume of 2,642,552 shares, compared to its average volume of 6,695,466. The firm’s 50 day moving average price is $56.50 and its 200-day moving average price is $61.72. Carrier Global has a twelve month low of $50.24 and a twelve month high of $76.76. The stock has a market cap of $43.89 billion, a PE ratio of 36.96, a PEG ratio of 1.92 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Integrity Alliance LLC. boosted its holdings in shares of Carrier Global by 7.3% in the third quarter. Integrity Alliance LLC. now owns 21,115 shares of the company’s stock valued at $1,158,000 after acquiring an additional 1,441 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Carrier Global by 5.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 101,289 shares of the company’s stock valued at $5,557,000 after purchasing an additional 5,310 shares during the period. Capital Management Corp VA increased its position in shares of Carrier Global by 22.4% during the 3rd quarter. Capital Management Corp VA now owns 153,035 shares of the company’s stock valued at $8,396,000 after purchasing an additional 28,051 shares during the period. Welch Group LLC raised its stake in shares of Carrier Global by 10.3% in the 3rd quarter. Welch Group LLC now owns 169,400 shares of the company’s stock worth $9,293,000 after buying an additional 15,755 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Carrier Global in the 3rd quarter worth $12,058,000. Institutional investors own 91.00% of the company’s stock.

Key Stories Impacting Carrier Global

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

• Positive Sentiment: Carrier’s third-quarter adjusted EPS of $0.87 exceeded the $0.76 consensus estimate, while revenue rose 12.3% year over year to $6.26 billion, topping estimates of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand indicators were particularly strong: total orders increased approximately 35%, commercial HVAC orders rose about 60%, and data-center orders surged roughly 300%. Carrier reported a record backlog exceeding $8.5 billion and signed multibillion-dollar long-term agreements with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Management raised its full-year sales outlook, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million, free cash flow was $674 million, and roughly $600 million was returned to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Positive Sentiment: Carrier announced a more than $600 million expansion, which could increase capacity and support longer-term growth in climate and energy solutions. Carrier Announces Expansion
• Neutral Sentiment: Unusually heavy put-option activity—18,275 contracts, or about 189% above typical volume—signals increased hedging or bearish speculation, but does not by itself confirm a change in fundamentals.
• Negative Sentiment: GAAP EPS was a $3.16 loss because of a goodwill impairment charge. Although adjusted earnings were strong, the impairment and ongoing cost pressures may have prompted investors to question the quality and durability of reported profits. Carrier Reports Goodwill Impairment Charge

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, 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.