Carrier Global (NYSE:CARR) Price Target Lowered to $58.00 at Wells Fargo & Company

Carrier Global (NYSE:CARR) had its price objective trimmed by Wells Fargo & Company from $65.00 to $58.00 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The firm currently has an equal weight rating on the stock.

Several other equities research analysts have also recently weighed in on CARR. Wolfe Research upped their target price on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Morgan Stanley set a $55.00 price objective on Carrier Global in a report on Thursday, January 8th. Royal Bank Of Canada upped their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Rothschild & Co Redburn dropped their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Finally, Mizuho cut their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.15.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $56.92 on Wednesday. The firm’s 50 day simple moving average is $60.41 and its 200-day simple moving average is $57.54. 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 firm has a market cap of $47.56 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 2.29 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (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 analysts’ expectations of $5.05 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’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 analysts predict that Carrier Global will post 2.99 EPS for the current year.

Institutional Trading of Carrier Global

Several large investors have recently bought and sold shares of the stock. Aigen Investment Management LP increased its stake in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after purchasing an additional 166 shares in the last quarter. Advisory Alpha LLC lifted its stake in shares of Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after buying an additional 171 shares during the period. Advisor OS LLC grew its holdings in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after buying an additional 178 shares during the last quarter. Ironwood Investment Counsel LLC increased its position in shares of Carrier Global by 4.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after acquiring an additional 181 shares during the period. Finally, River Wealth Advisors LLC increased its position in shares of Carrier Global by 2.2% in the 2nd quarter. River Wealth Advisors LLC now owns 8,603 shares of the company’s stock valued at $630,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Company Profile

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.