Carrier Global (NYSE:CARR) Coverage Initiated by Analysts at Evercore

Key Points

• Evercore initiated coverage on Carrier Global with an "outperform" rating and a $75 price target, implying about an 18.5% upside from the recent close.
• The stock carries a consensus of "Moderate Buy" from analysts (13 Buys, 9 Holds) with an average price target of $70.20 and several firms recently raising targets into the low-$70s.
• Carrier recently missed quarterly estimates (EPS $0.34 vs. $0.36; revenue $4.84B vs. $5.05B), saw revenue decline ~6% YoY, set FY2026 guidance at 2.80 EPS versus analyst expectations of 2.99, and is trading around $63.32 within a 52-week range of $50.24–$81.09.

Stock analysts at Evercore assumed coverage on shares of Carrier Global (NYSE:CARR - Get Free Report) in a note issued to investors on Monday. The firm set an "outperform" rating and a $75.00 price target on the stock. Evercore's price target would suggest a potential upside of 18.46% from the stock's previous close.

Several other equities analysts also recently commented on the company. Argus boosted their price objective on Carrier Global from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Wells Fargo & Company lowered their price objective on Carrier Global from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 1st. Citigroup boosted their price objective on Carrier Global from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Robert W. Baird boosted their price objective on Carrier Global from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group boosted their price objective on Carrier Global from $68.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.20.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $63.32 on Monday. The stock's 50-day simple moving average is $60.39 and its 200-day simple moving average is $57.40. Carrier Global has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a market capitalization of $52.90 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 2.58 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last announced 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 net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Carrier Global's revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts expect that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

A number of hedge funds have recently made changes to their positions in the company. Stance Capital LLC lifted its position in shares of Carrier Global by 12.3% in the fourth quarter. Stance Capital LLC now owns 25,779 shares of the company's stock worth $1,362,000 after buying an additional 2,824 shares in the last quarter. World Investment Advisors lifted its position in shares of Carrier Global by 70.9% in the fourth quarter. World Investment Advisors now owns 14,559 shares of the company's stock worth $769,000 after buying an additional 6,042 shares in the last quarter. Meadowbrook Advisors Group LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth about $240,000. Corient Private Wealth LLC lifted its position in shares of Carrier Global by 12.8% in the fourth quarter. Corient Private Wealth LLC now owns 449,482 shares of the company's stock worth $23,852,000 after buying an additional 50,847 shares in the last quarter. Finally, Auto Owners Insurance Co lifted its position in shares of Carrier Global by 5,184.0% in the fourth quarter. Auto Owners Insurance Co now owns 675,665 shares of the company's stock worth $3,570,000 after buying an additional 662,878 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other 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.

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