Carrier Global (NYSE:CARR) Given New $70.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered Carrier Global's price target from $73.00 to $70.00, maintaining a "hold" rating, which indicates a potential upside of 15.84% from the stock's previous close.
• Other analysts have also cut their price targets for Carrier Global, with estimates ranging from $74.00 to $80.00, although the company has a consensus rating of "Moderate Buy" with a target price of $79.72.
• Carrier Global reported a quarterly EPS of $0.92, slightly exceeding analyst estimates, with projected earnings for the current fiscal year at 2.99 EPS.

Carrier Global (NYSE:CARR - Get Free Report) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from $73.00 to $70.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 15.84% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Citigroup lowered their price target on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a report on Friday, September 12th. Morgan Stanley lowered their target price on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Barclays lowered their price objective on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday, September 11th. Mizuho cut their target price on shares of Carrier Global from $88.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Finally, The Goldman Sachs Group lowered their target price on Carrier Global from $88.00 to $76.00 and set a "buy" rating for the company in a report on Friday, September 12th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.72.

Carrier Global Trading Up 0.2%

NYSE:CARR opened at $60.43 on Tuesday. The business's 50-day moving average is $67.55 and its two-hundred day moving average is $67.95. The firm has a market capitalization of $51.43 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. Carrier Global has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $6.11 billion during 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. Research analysts predict that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC increased its stake in shares of Carrier Global by 51.8% in the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock worth $88,000 after acquiring an additional 474 shares during the last quarter. Bessemer Group Inc. increased its position in Carrier Global by 15.7% in the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock worth $1,823,000 after purchasing an additional 3,900 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Carrier Global during the 1st quarter worth about $234,000. Ransom Advisory Ltd acquired a new stake in shares of Carrier Global during the 1st quarter valued at about $400,000. Finally, Aberdeen Group plc grew its stake in shares of Carrier Global by 1.8% in the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock valued at $44,854,000 after buying an additional 12,346 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

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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