Carrier Global (NYSE:CARR) Price Target Raised to $67.00

Carrier Global (NYSE:CARR) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $63.00 to $67.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 1.27% from the stock’s current price.

Several other analysts have also issued reports on the company. CICC Research dropped their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. The Goldman Sachs Group lifted their target price on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Wolfe Research increased their price target on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, Evercore raised their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $73.78.

Carrier Global Stock Performance

Shares of CARR stock opened at $66.16 on Thursday. The company has a fifty day moving average price of $60.13 and a two-hundred day moving average price of $58.16. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The stock has a market cap of $54.95 billion, a P/E ratio of 43.26, a P/E/G ratio of 2.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business earned $0.65 EPS. Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Carrier Global will post 2.8 EPS for the current year.

Institutional Trading of Carrier Global

Institutional investors have recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global during the third quarter worth $25,000. YANKCOM Partnership grew its stake in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates increased 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 acquiring an additional 300 shares during the period. Finally, True Wealth Design LLC increased its position in Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares during the period. 91.00% of the stock is currently owned by 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.