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

Carrier Global Corporation (NYSE:CARR) has earned an average rating of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $70.1544.

Several analysts have recently commented on CARR shares. Citigroup increased their price target on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $65.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday. Mizuho reduced their price objective on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Wolfe Research lifted their target price on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th.

Institutional Trading of Carrier Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Carrier Global during the 4th quarter valued at about $380,299,000. Capital International Investors grew its position in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after buying an additional 3,496,372 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Carrier Global by 1,742.8% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock worth $265,167,000 after buying an additional 3,426,395 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after buying an additional 2,022,136 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Shares of CARR stock opened at $55.79 on Friday. Carrier Global has a 52 week low of $50.24 and a 52 week high of $81.09. The stock has a market capitalization of $46.61 billion, a PE ratio of 32.62, a PEG ratio of 2.32 and a beta of 1.32. 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 stock’s fifty day moving average is $60.38 and its 200-day moving average is $57.53.

Carrier Global (NYSE:CARR) last issued 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 return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the company earned $0.54 EPS. The firm’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. Equities research analysts expect 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.