Carrier Global (NYSE:CARR) Price Target Raised to $75.00

Key Points

• Argus raised its price target on Carrier Global to $75 (from $72) and kept a "buy" rating, implying about 14.6% upside from the previous close.
• Analyst sentiment is broadly positive with 13 Buys and 10 Holds, a consensus price target of about $74.14 and an average rating of "Moderate Buy."
• Carrier beat quarterly estimates (Q: $0.57 EPS vs. $0.51 expected; revenue $5.34B vs. $5.01B expected) and set FY2026 guidance at 2.8 EPS, indicating solid near-term fundamentals.

Carrier Global (NYSE:CARR - Get Free Report) had its target price boosted by equities researchers at Argus from $72.00 to $75.00 in a report released on Tuesday,MarketScreener reports. The firm currently has a "buy" rating on the stock. Argus' price objective would suggest a potential upside of 14.59% from the company's previous close.

Other analysts also recently issued research reports about the stock. Evercore lifted their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday. Barclays raised their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday. Wolfe Research lifted their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a "neutral" rating and a $62.00 target price for the company. Finally, CICC Research dropped their price target on shares of Carrier Global from $76.85 to $69.78 and set an "outperform" rating on the stock in a research report on Wednesday, February 11th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $74.14.

Carrier Global Stock Down 0.7%

CARR stock opened at $65.45 on Tuesday. The stock's 50 day simple moving average is $59.74 and its 200 day simple moving average is $57.72. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The company has a market cap of $54.68 billion, a P/E ratio of 43.05, a price-to-earnings-growth ratio of 2.70 and a beta of 1.38.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts expect that Carrier Global will post 2.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CARR. Aigen Investment Management LP increased its stake in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company's stock valued at $2,603,000 after buying an additional 166 shares during the last quarter. Advisory Alpha LLC grew its holdings in shares of Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company's stock valued at $319,000 after acquiring an additional 171 shares in the last quarter. Texas Bank & Trust Co grew its holdings in shares of Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company's stock valued at $742,000 after acquiring an additional 175 shares in the last quarter. Advisor OS LLC increased its position in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company's stock valued at $1,135,000 after acquiring an additional 178 shares during the last quarter. Finally, Ironwood Investment Counsel LLC increased its position in shares of Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company's stock valued at $244,000 after acquiring an additional 181 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Company Profile

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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