Deutsche Bank Aktiengesellschaft Lowers Carrier Global (NYSE:CARR) Price Target to $49.00

Carrier Global (NYSE:CARRGet Rating) had its target price dropped by research analysts at Deutsche Bank Aktiengesellschaft from $55.00 to $49.00 in a research note issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 24.33% from the company’s current price.

Several other research firms also recently weighed in on CARR. Atlantic Securities decreased their price target on shares of Carrier Global from $59.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, February 9th. Credit Suisse Group reduced their price objective on shares of Carrier Global from $56.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, February 9th. Mizuho reduced their price objective on shares of Carrier Global from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, February 9th. Morgan Stanley reduced their price objective on shares of Carrier Global from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, Vertical Research downgraded shares of Carrier Global from a “buy” rating to a “hold” rating and set a $57.00 price objective for the company. in a research note on Monday, January 3rd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.44.

Shares of NYSE:CARR opened at $39.41 on Friday. Carrier Global has a 1 year low of $36.23 and a 1 year high of $58.89. The business has a 50 day simple moving average of $44.31 and a two-hundred day simple moving average of $49.36. The firm has a market capitalization of $33.62 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.72 and a quick ratio of 1.42.

Carrier Global (NYSE:CARRGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.07. Carrier Global had a return on equity of 28.50% and a net margin of 8.07%. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts expect that Carrier Global will post 2.27 EPS for the current fiscal year.

In other news, VP Kyle Crockett sold 3,682 shares of the business’s stock in a transaction on Friday, February 4th. The shares were sold at an average price of $45.73, for a total transaction of $168,377.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Landmark Wealth Management LLC purchased a new stake in Carrier Global in the first quarter valued at $43,000. SCHRODERS IS Ltd acquired a new stake in Carrier Global in the 1st quarter valued at about $665,000. Pittenger & Anderson Inc. raised its holdings in Carrier Global by 18.4% in the 1st quarter. Pittenger & Anderson Inc. now owns 4,954 shares of the company’s stock valued at $227,000 after acquiring an additional 770 shares during the last quarter. Cyrus J. Lawrence LLC purchased a new stake in shares of Carrier Global in the 1st quarter valued at approximately $41,000. Finally, Vestmark Advisory Solutions Inc. grew its stake in shares of Carrier Global by 8.1% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 11,494 shares of the company’s stock valued at $527,000 after buying an additional 860 shares during the period. 84.12% of the stock is currently owned by institutional investors.

About Carrier Global (Get Rating)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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