Barclays Issues Pessimistic Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its price target lowered by equities research analysts at Barclays from $72.00 to $67.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 20.10% from the stock’s current price.

Several other brokerages have also recently commented on CARR. CICC Research decreased their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Mizuho decreased their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. UBS Group dropped their price target on Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. raised their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.15.

Carrier Global Trading Down 2.0%

Shares of CARR opened at $55.79 on Wednesday. The firm has a market cap of $46.61 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a 50 day simple moving average of $60.38 and a two-hundred day simple moving average of $57.53.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.Carrier Global’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts expect that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Carrier Global

Several hedge funds have recently made changes to their positions in CARR. Stance Capital LLC grew its position in 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 in the last quarter. World Investment Advisors raised its position in Carrier Global by 70.9% during the fourth quarter. World Investment Advisors now owns 14,559 shares of the company’s stock valued at $769,000 after purchasing an additional 6,042 shares during the period. Meadowbrook Advisors Group LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at approximately $240,000. Corient Private Wealth LLC lifted its stake in shares of Carrier Global by 12.8% in the 4th quarter. Corient Private Wealth LLC now owns 449,482 shares of the company’s stock valued at $23,852,000 after purchasing an additional 50,847 shares during the last quarter. Finally, Auto Owners Insurance Co boosted its holdings in shares of Carrier Global by 5,184.0% in the 4th quarter. Auto Owners Insurance Co now owns 675,665 shares of the company’s stock worth $3,570,000 after purchasing an additional 662,878 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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.