Carrier Global (NYSE:CARR) Upgraded at Zacks Research

Zacks Research upgraded shares of Carrier Global (NYSE:CARR) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on CARR. Argus boosted their target price on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Royal Bank Of Canada dropped their target price on shares of Carrier Global from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday. CICC Research lowered their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a report on Wednesday, February 11th. The Goldman Sachs Group boosted their price target on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Morgan Stanley set a $55.00 price target on Carrier Global in a report on Thursday, January 8th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.93.

Carrier Global Price Performance

CARR stock opened at $61.40 on Tuesday. The stock’s 50 day moving average is $60.32 and its two-hundred day moving average is $57.40. The company has a market capitalization of $51.29 billion, a PE ratio of 35.90, a P/E/G ratio of 2.38 and a beta of 1.32. Carrier Global has a 52-week low of $50.24 and a 52-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.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CARR. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter worth $380,299,000. Capital International Investors boosted its holdings in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after acquiring an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after acquiring an additional 3,496,372 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Carrier Global by 1,742.8% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock valued at $265,167,000 after acquiring an additional 3,426,395 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after acquiring an additional 2,022,136 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

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.