Wolfe Research Forecasts Strong Price Appreciation for Carrier Global (NYSE:CARR) Stock

Carrier Global (NYSE:CARR) had its price target boosted by Wolfe Research from $75.00 to $76.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has an “outperform” rating on the stock. Wolfe Research’s price target suggests a potential upside of 23.79% from the company’s current price.

A number of other equities research analysts also recently weighed in on CARR. Argus boosted their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Citigroup boosted their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Finally, Barclays dropped their price target on shares of Carrier Global from $72.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.93.

Carrier Global Price Performance

Shares of CARR stock opened at $61.40 on Wednesday. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09. The firm’s 50 day moving average is $60.32 and its 200-day moving average is $57.40. The firm has a market capitalization of $51.29 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 2.38 and a beta of 1.32. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last announced its 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 return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. 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. Sell-side analysts forecast that Carrier Global will post 2.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Institutional investors and hedge funds have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global in the third quarter valued at approximately $25,000. YANKCOM Partnership increased its stake in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. Torren Management LLC bought a new stake in Carrier Global in the fourth quarter valued at approximately $25,000. Clayton Financial Group LLC bought a new stake in Carrier Global in the third quarter valued at approximately $26,000. Finally, Global Wealth Strategies & Associates increased its stake in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. 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.