Carrier Global (NYSE:CARR) Given New $76.00 Price Target at Wolfe Research
by Michael Walen · The Markets DailyCarrier Global (NYSE:CARR – Get Free Report) had its target price increased by analysts at Wolfe Research from $75.00 to $76.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Wolfe Research’s target price indicates a potential upside of 27.74% from the company’s previous close.
CARR has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Barclays lowered their target price on shares of Carrier Global from $72.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Citigroup boosted their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Rothschild & Co Redburn reduced their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Finally, Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a research note on Thursday, January 8th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.93.
View Our Latest Stock Analysis on CARR
Carrier Global Stock Performance
Shares of CARR stock opened at $59.50 on Wednesday. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09. The firm has a market capitalization of $49.71 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32. The firm has a fifty day simple moving average of $60.29 and a two-hundred day simple moving average of $57.38. 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 (NYSE:CARR – Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that Carrier Global will post 2.99 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Aigen Investment Management LP lifted its position in Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after purchasing an additional 166 shares during the last quarter. Advisory Alpha LLC grew its position in Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares in the last quarter. Advisor OS LLC increased its stake in Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares during the last quarter. Ironwood Investment Counsel LLC raised its position in Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after purchasing an additional 181 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its stake in Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock worth $220,000 after purchasing an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.
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.