Carrier Global Corporation (NYSE:CARR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Carrier Global Corporation has received a consensus rating of "Moderate Buy" from 21 analysts, with 12 analysts recommending a buy and 9 suggesting a hold.
• The average target price for Carrier Global stock is $79.00, despite recent adjustments by several brokerages lowering their target prices.
• Carrier Global's recent earnings report exceeded expectations with $0.92 earnings per share against an anticipated $0.90, and the company anticipates an earnings per share of 2.99 for the current fiscal year.

Carrier Global Corporation (NYSE:CARR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-one analysts that are currently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $79.00.

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Carrier Global in a research report on Saturday, September 27th. Citigroup dropped their target price on Carrier Global from $89.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. Rothschild & Co Redburn dropped their target price on Carrier Global from $76.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada dropped their target price on Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th.

Carrier Global Stock Up 1.2%

NYSE:CARR opened at $59.63 on Friday. The firm has a market capitalization of $50.75 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.86 and a beta of 1.25. Carrier Global has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The business's fifty day moving average price is $64.27 and its 200 day moving average price is $67.49.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts forecast that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Carrier Global

Several large investors have recently made changes to their positions in CARR. AdvisorShares Investments LLC bought a new stake in shares of Carrier Global during the 2nd quarter worth about $25,000. Winnow Wealth LLC bought a new stake in shares of Carrier Global during the 2nd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carrier Global during the 2nd quarter worth about $26,000. Traub Capital Management LLC bought a new stake in shares of Carrier Global during the 2nd quarter worth about $27,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of Carrier Global during the 1st quarter worth about $28,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

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