Carrier Global Corporation (NYSE:CARR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Carrier Global Corporation (NYSE:CARR) have earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $70.8211.

A number of analysts recently weighed in on CARR shares. Robert W. Baird raised their price target on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Morgan Stanley set a $55.00 price objective on Carrier Global in a report on Thursday, January 8th. JPMorgan Chase & Co. increased their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. CICC Research lowered their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Finally, Wolfe Research boosted their target price on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th.

Carrier Global Stock Down 0.8%

Shares of NYSE:CARR opened at $54.25 on Friday. 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 has a market cap of $45.32 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.21 and a beta of 1.32. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09. The company’s 50-day moving average price is $60.44 and its two-hundred day moving average price is $57.67.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s revenue 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, research analysts forecast that Carrier Global will post 2.99 EPS for the current fiscal year.

Institutional Trading of Carrier Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. State Street Corp lifted its holdings in Carrier Global by 1.1% in the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares during the period. Fisher Asset Management LLC boosted its stake in Carrier Global by 0.6% in the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after acquiring an additional 90,585 shares during the last quarter. Dodge & Cox boosted its stake in Carrier Global by 5.1% in the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after acquiring an additional 651,648 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after acquiring an additional 210,952 shares during the period. 91.00% of the stock is owned by institutional investors.

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.