Carrier Global (NYSE:CARR) Raised to Hold at Zacks Research

Carrier Global (NYSE:CARR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also commented on CARR. Royal Bank Of Canada reduced their price target on Carrier Global from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. The Goldman Sachs Group boosted their target price on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Mizuho dropped their target price 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, Wolfe Research boosted their target price on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.82.

Carrier Global Trading Up 5.2%

CARR opened at $58.33 on Tuesday. The firm has a market cap of $48.73 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.27 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 12 month low of $50.24 and a 12 month high of $81.09. The stock has a fifty day moving average price of $60.29 and a 200-day moving average price of $57.38.

Carrier Global (NYSE:CARR) last released its quarterly 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 the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global during the 3rd quarter valued at about $25,000. YANKCOM Partnership grew its stake in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the last quarter. Torren Management LLC purchased a new stake in Carrier Global during the 4th quarter valued at about $25,000. Clayton Financial Group LLC purchased a new position in Carrier Global during the third quarter worth approximately $26,000. Finally, Global Wealth Strategies & Associates boosted its position in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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.