Mizuho Cuts Carrier Global (NYSE:CARR) Price Target to $80.00

Carrier Global (NYSE:CARR) had its price target cut by Mizuho from $88.00 to $80.00 in a research note released on Monday,MarketScreener reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on CARR. The Goldman Sachs Group reduced their price objective on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Oppenheimer reduced their price objective on Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley reduced their price objective on 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. Melius assumed coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price objective for the company in a research note on Tuesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.29.

Carrier Global Price Performance

Shares of NYSE CARR opened at $60.70 on Monday. The firm has a market cap of $51.66 billion, a PE ratio of 13.22, a PEG ratio of 1.84 and a beta of 1.25. The firm has a fifty day moving average of $68.52 and a 200 day moving average of $67.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. Carrier Global has a one year low of $54.22 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $6.11 billion during 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 predict that Carrier Global will post 2.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

A number of hedge funds have recently modified their holdings of CARR. AdvisorShares Investments LLC purchased a new position in shares of Carrier Global during the 2nd quarter worth $25,000. Winnow Wealth LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $26,000. Traub Capital Management LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $27,000. Finally, Park Square Financial Group LLC purchased a new position in Carrier Global during the 4th quarter valued at about $28,000. 91.00% of the stock is currently 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.