BNP Paribas Exane Initiates Coverage on Carrier Global (NYSE:CARR)

Equities research analysts at BNP Paribas Exane initiated coverage on shares of Carrier Global (NYSE:CARR) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “neutral” rating and a $62.00 price target on the stock. BNP Paribas Exane’s target price points to a potential upside of 6.02% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada reduced 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, April 8th. Barclays lowered 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 report on Wednesday, April 1st. Argus lifted their price objective 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. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, UBS Group decreased their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $69.79.

Carrier Global Price Performance

Shares of NYSE CARR opened at $58.48 on Tuesday. The firm has a market cap of $48.86 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 2.64 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 has a 1-year low of $50.24 and a 1-year high of $81.09. The business’s 50 day moving average is $60.43 and its 200-day moving average is $57.49.

Carrier Global (NYSE:CARR) last released its quarterly 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). 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 the consensus estimate of $5.05 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter 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. Equities research analysts predict that Carrier Global will post 2.99 earnings per share for the current year.

Hedge Funds Weigh In On Carrier Global

Several hedge funds have recently bought and sold shares of CARR. Brighton Jones LLC increased its stake in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after acquiring an additional 1,850 shares during the last quarter. AQR Capital Management LLC lifted its stake in Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank boosted its holdings in shares of Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Carrier Global by 6.0% in the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after purchasing an additional 561 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global News Summary

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.24/share (supportive for income investors and signals confidence in cash generation). Carrier Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Evercore initiated coverage with an Outperform/recommendation, giving the stock a buyer-supportive take that can help limit downside if execution and commercial HVAC momentum hold. Evercore ISI Group initiates coverage of Carrier Global with Outperform
• Positive Sentiment: Insider buying (CEO purchase noted in recent filings) is a vote of confidence from management and can be viewed positively by investors. Quiver Quantitative coverage (insider activity)
• Neutral Sentiment: BNP Paribas (Exane) initiated coverage with a Neutral rating and $62 price target — slightly above recent levels but not a strong buy signal, so it’s unlikely to reverse weakness on its own. BNP Paribas initiates coverage with Neutral
• Negative Sentiment: Large unusual put buying — ~13,175 put contracts purchased (≈133% above average) — indicates increased hedging or directional bearish bets, which tends to add downside pressure to the share price. (Options volume report entry)
• Negative Sentiment: Analyst price‑target trims and lingering worries about softer near‑term residential HVAC demand and conservative 2026 outlook commentary have reset expectations and contributed to selling/profit‑taking after a short April rally. Quiver Quantitative analysis of downward pressure

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.