Carrier Global (NYSE:CARR) Price Target Lowered to $75.00 at Oppenheimer

Carrier Global (NYSE:CARR) had its target price cut by Oppenheimer from $85.00 to $75.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also weighed in on CARR. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price objective on shares of Carrier Global in a report on Tuesday, July 15th. Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research report on Tuesday, July 1st. Barclays decreased their target price on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Royal Bank Of Canada cut their price target on shares of Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Morgan Stanley cut their target price on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.29.

Carrier Global Stock Performance

NYSE CARR opened at $60.70 on Wednesday. The stock has a market cap of $51.66 billion, a P/E ratio of 13.22, a PEG ratio of 1.84 and a beta of 1.25. The company’s 50-day simple moving average is $68.52 and its 200 day simple moving average is $67.98. Carrier Global has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, research analysts forecast that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

A number of hedge funds and other institutional investors have recently made changes to their positions in CARR. Brighton Jones LLC boosted its holdings in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after buying an additional 1,850 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Carrier Global in the 4th quarter worth about $6,376,000. Waverly Advisors LLC lifted its holdings in Carrier Global by 64.4% during the fourth quarter. Waverly Advisors LLC now owns 14,491 shares of the company’s stock valued at $989,000 after purchasing an additional 5,678 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Carrier Global by 15.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company’s stock valued at $473,046,000 after purchasing an additional 936,892 shares during the last quarter. Finally, Principal Street Partners LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth about $212,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.