Carrier Global (NYSE:CARR) Given New $60.00 Price Target at BNP Paribas Exane

Key Points

• BNP Paribas Exane cut Carrier Global’s price target from $68 to $60 while maintaining a “neutral” rating, implying about 11.5% upside from the stock’s reported $53.82 price.
• Analyst sentiment remains moderately positive overall: 11 analysts rate the stock a Buy and nine rate it a Hold, with an average price target of $70.21.
• Carrier exceeded quarterly expectations, reporting adjusted EPS of $0.87 versus the $0.76 consensus and revenue of $6.26 billion versus $6.09 billion, while revenue grew 12.3% year over year.

Carrier Global (NYSE:CARR - Get Free Report) had its target price cut by analysts at BNP Paribas Exane from $68.00 to $60.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. BNP Paribas Exane's price objective indicates a potential upside of 11.49% from the stock's current price.

A number of other equities analysts have also weighed in on CARR. Citigroup increased their price target on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Weiss Ratings restated a "hold (c)" rating on shares of Carrier Global in a report on Friday, October 16th. Mizuho lowered their price target on Carrier Global from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Royal Bank Of Canada decreased their price objective on Carrier Global from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday. Finally, The Goldman Sachs Group lowered shares of Carrier Global from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $74.00 to $61.00 in a research report on Wednesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $70.21.

Carrier Global Price Performance

Carrier Global stock traded down $1.72 during mid-day trading on Friday, hitting $53.82. The company's stock had a trading volume of 3,495,143 shares, compared to its average volume of 6,699,718. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $44.36 billion, a P/E ratio of 37.40, a P/E/G ratio of 1.92 and a beta of 1.29. Carrier Global has a twelve month low of $50.24 and a twelve month high of $76.76. The stock's fifty day moving average price is $56.50 and its two-hundred day moving average price is $61.72.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.11. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.09 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Research analysts forecast that Carrier Global will post 2.87 earnings per share for the current year.

Institutional Investors Weigh In On Carrier Global

A number of large investors have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC raised its holdings in Carrier Global by 2.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company's stock worth $426,000 after purchasing an additional 158 shares during the last quarter. Texas Bank & Trust Co grew its position in shares of Carrier Global by 1.3% during the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company's stock worth $742,000 after buying an additional 175 shares during the period. Personal CFO Solutions LLC grew its position in shares of Carrier Global by 0.7% during the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company's stock worth $1,389,000 after buying an additional 181 shares during the period. Brookstone Capital Management boosted its stake in Carrier Global by 3.2% in the third quarter. Brookstone Capital Management now owns 6,192 shares of the company's stock valued at $340,000 after acquiring an additional 194 shares during the last quarter. Finally, PFG Investments LLC grew its holdings in Carrier Global by 2.8% during the 1st quarter. PFG Investments LLC now owns 7,242 shares of the company's stock worth $408,000 after acquiring an additional 198 shares during the period. Institutional investors own 91.00% of the company's stock.

Key Carrier Global News

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier’s third-quarter adjusted EPS of $0.87 exceeded the $0.76 consensus estimate, while revenue rose 12.3% year over year to $6.26 billion, topping estimates of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand indicators were particularly strong: total orders increased approximately 35%, commercial HVAC orders rose about 60%, and data-center orders surged roughly 300%. Carrier reported a record backlog exceeding $8.5 billion and signed multibillion-dollar long-term agreements with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Management raised its full-year sales outlook, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million, free cash flow was $674 million, and roughly $600 million was returned to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Positive Sentiment: Carrier announced a more than $600 million expansion, which could increase capacity and support longer-term growth in climate and energy solutions. Carrier Announces Expansion
• Neutral Sentiment: Unusually heavy put-option activity—18,275 contracts, or about 189% above typical volume—signals increased hedging or bearish speculation, but does not by itself confirm a change in fundamentals.
• Negative Sentiment: GAAP EPS was a $3.16 loss because of a goodwill impairment charge. Although adjusted earnings were strong, the impairment and ongoing cost pressures may have prompted investors to question the quality and durability of reported profits. Carrier Reports Goodwill Impairment Charge

About Carrier Global

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.

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