Carrier Global (NYSE:CARR) Price Target Cut to $67.00 by Analysts at Barclays

Carrier Global (NYSE:CARR) had its target price reduced by Barclays from $72.00 to $67.00 in a report issued on Wednesday, MarketBeat.com reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. CICC Research reduced their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Wells Fargo & Company boosted their price target on Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. UBS Group lowered their price target on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Finally, Wolfe Research increased their price objective on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $70.15.

Carrier Global Stock Performance

Shares of CARR stock opened at $56.92 on Wednesday. The company has a market capitalization of $47.56 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 2.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The company’s 50-day moving average is $60.41 and its 200 day moving average is $57.54.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts expect that Carrier Global will post 2.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors have recently bought and sold shares of CARR. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global during the third quarter valued at about $25,000. YANKCOM Partnership increased its position in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Carrier Global during the 2nd quarter valued at about $26,000. Finally, Clayton Financial Group LLC purchased a new position in shares of Carrier Global during the 3rd quarter valued at about $26,000. 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.