Carrier Global Corporation (NYSE:CARR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Carrier Global Corporation (NYSE:CARR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $70.8211.

Several research analysts have issued reports on the company. The Goldman Sachs Group increased their price objective on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Rothschild & Co Redburn lowered their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Citigroup raised their price objective on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Barclays lowered their target price on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Morgan Stanley set a $55.00 target price on shares of Carrier Global in a report on Thursday, January 8th.

Institutional Trading of Carrier Global

Institutional investors have recently bought and sold shares of the company. Reflection Asset Management purchased a new position in shares of Carrier Global in the fourth quarter valued at $41,000. Banque Transatlantique SA increased its holdings in Carrier Global by 2.0% during the 4th quarter. Banque Transatlantique SA now owns 14,993 shares of the company’s stock valued at $792,000 after acquiring an additional 296 shares in the last quarter. MidFirst Bank acquired a new position in Carrier Global during the fourth quarter worth about $71,000. Pacer Advisors Inc. raised its position in Carrier Global by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 147,481 shares of the company’s stock worth $7,793,000 after acquiring an additional 25,400 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at about $1,639,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Down 4.3%

Shares of NYSE:CARR opened at $61.08 on Wednesday. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The firm’s 50-day simple moving average is $59.11 and its 200-day simple moving average is $58.59. The company has a market cap of $51.05 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.56 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Carrier Global’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts predict that Carrier Global will post 2.99 earnings per share for the current year.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.