Carrier Global Corporation (NYSE:CARR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Carrier Global Corporation (NYSE:CARR) have been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $70.8211.

A number of equities research analysts have recently commented on CARR shares. Wells Fargo & Company lifted their price target on shares of Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Robert W. Baird raised their target price on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Morgan Stanley set a $55.00 target price on shares of Carrier Global in a research note on Thursday, January 8th. Mizuho reduced their price target on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Royal Bank Of Canada raised their price objective on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock valued at $6,833,980,000 after purchasing an additional 450,594 shares during the period. Capital International Investors raised its stake in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after purchasing an additional 7,409,432 shares during the last quarter. State Street Corp grew its stake in shares of Carrier Global by 1.1% during the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $61.08 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The business’s fifty day moving average price is $59.11 and its two-hundred day moving average price is $58.59. The stock has a market cap of $51.05 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.56 and a beta of 1.32. Carrier Global has a one year low of $50.24 and a one year high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 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 company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts forecast that Carrier Global will post 2.99 EPS for the current fiscal year.

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.