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

Carrier Global Corporation (NYSE:CARR) has been assigned an average rating of “Moderate Buy” from the twenty-one research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $70.8211.

A number of brokerages have recently commented on CARR. Rothschild & Co Redburn lowered their price target on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Mizuho decreased their price objective on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Wells Fargo & Company upped their target price on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. CICC Research cut their target price on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Citigroup lifted their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 6th.

Institutional Trading of Carrier Global

Several hedge funds have recently added to or reduced their stakes in CARR. Norges Bank acquired a new position in Carrier Global in the fourth quarter valued at about $380,299,000. Capital International Investors raised its position in shares of 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. Ameriprise Financial Inc. lifted its holdings in shares of Carrier Global by 506.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after purchasing an additional 3,496,372 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Carrier Global by 1,742.8% during the 2nd 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 purchasing an additional 3,426,395 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after purchasing an additional 2,022,136 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 0.8%

Shares of Carrier Global stock opened at $54.25 on Friday. The business has a fifty day simple moving average of $60.44 and a 200 day simple moving average of $57.67. The stock has a market cap of $45.32 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. 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 has a 12 month low of $50.24 and a 12 month high of $81.09.

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). 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 during the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the company posted $0.54 EPS. The company’s quarterly 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. Research analysts predict that Carrier Global will post 2.99 EPS for the current 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.