Carrier Global (NYSE:CARR) Coverage Initiated by Analysts at Evercore

Evercore initiated coverage on shares of Carrier Global (NYSE:CARR) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $75.00 target price on the stock.

Several other research firms have also recently issued reports on CARR. JPMorgan Chase & Co. raised 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Barclays decreased their price target on shares of Carrier Global from $72.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Argus raised 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. Finally, Rothschild & Co Redburn decreased their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Thirteen equities research 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 a consensus rating of “Moderate Buy” and an average target price of $70.20.

Carrier Global Stock Performance

NYSE:CARR opened at $64.30 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $60.47 and a two-hundred day moving average price of $57.44. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a market capitalization of $53.71 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted 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). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the business posted $0.54 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts expect that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Several hedge funds have recently modified their holdings of the stock. Stance Capital LLC boosted its position in shares of Carrier Global by 12.3% in the fourth quarter. Stance Capital LLC now owns 25,779 shares of the company’s stock worth $1,362,000 after acquiring an additional 2,824 shares during the last quarter. World Investment Advisors boosted its position in shares of Carrier Global by 70.9% in the fourth quarter. World Investment Advisors now owns 14,559 shares of the company’s stock worth $769,000 after acquiring an additional 6,042 shares during the last quarter. Meadowbrook Advisors Group LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth approximately $240,000. Corient Private Wealth LLC boosted its position in shares of Carrier Global by 12.8% in the fourth quarter. Corient Private Wealth LLC now owns 449,482 shares of the company’s stock worth $23,852,000 after acquiring an additional 50,847 shares during the last quarter. Finally, Auto Owners Insurance Co boosted its position in shares of Carrier Global by 5,184.0% in the fourth quarter. Auto Owners Insurance Co now owns 675,665 shares of the company’s stock worth $3,570,000 after acquiring an additional 662,878 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

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.