Mizuho Issues Pessimistic Forecast for Carrier Global (NYSE:CARR) Stock Price

Key Points

• Mizuho cut Carrier Global’s price target from $75 to $70 but maintained an “outperform” rating, implying about 29% upside from the prior close.
• Analyst sentiment remains broadly positive but mixed: Carrier has an average “Moderate Buy” rating and a consensus price target of $70.43, with 11 Buy and 10 Hold ratings.
• Carrier exceeded quarterly expectations with earnings of $0.86 per share versus the $0.82 consensus and revenue of $6.35 billion versus $6.02 billion expected; institutional investors own approximately 91% of the stock.

Carrier Global (NYSE:CARR - Get Free Report) had its target price decreased by investment analysts at Mizuho from $75.00 to $70.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price objective would suggest a potential upside of 29.14% from the company's previous close.

Several other research firms also recently commented on CARR. Wolfe Research reaffirmed an "outperform" rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. JPMorgan Chase & Co. assumed coverage on shares of Carrier Global in a research note on Friday, October 9th. They issued a "neutral" rating and a $61.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Carrier Global from $71.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, September 30th. Royal Bank Of Canada lowered their price target on shares of Carrier Global from $82.00 to $72.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Zacks Research cut shares of Carrier Global from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 1st. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.43.

Carrier Global Stock Performance

NYSE:CARR opened at $54.21 on Thursday. The company has a market capitalization of $44.68 billion, a P/E ratio of 37.64, a P/E/G ratio of 1.88 and a beta of 1.29. The business has a fifty day simple moving average of $57.96 and a two-hundred day simple moving average of $62.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts expect that Carrier Global will post 2.87 earnings per share for the current year.

Institutional Trading of Carrier Global

A number of large investors have recently modified their holdings of CARR. Dynamic Advisor Solutions LLC raised its holdings in Carrier Global by 2.8% in 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 in the last quarter. Texas Bank & Trust Co lifted its position in shares of Carrier Global by 1.3% in the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company's stock worth $742,000 after purchasing an additional 175 shares during the period. Personal CFO Solutions LLC lifted its position in shares of Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company's stock worth $1,389,000 after purchasing an additional 181 shares during the period. PFG Investments LLC lifted its position in shares of Carrier Global by 2.8% in the 1st quarter. PFG Investments LLC now owns 7,242 shares of the company's stock worth $408,000 after purchasing an additional 198 shares during the period. Finally, HORAN Wealth LLC boosted its stake in shares of Carrier Global by 3.6% during the 1st quarter. HORAN Wealth LLC now owns 5,771 shares of the company's stock valued at $306,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

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, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.