Carrier Global (NYSE:CARR) Stock Price Expected to Rise, Barclays Analyst Says

Carrier Global (NYSE:CARR - Get Free Report) had its price objective boosted by research analysts at Barclays from $83.00 to $84.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 19.69% from the stock's current price.

Several other research firms have also recently weighed in on CARR. JPMorgan Chase & Co. decreased their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, February 24th. Royal Bank of Canada boosted their target price on shares of Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price target on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Mizuho set a $72.00 target price on shares of Carrier Global in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Carrier Global currently has an average rating of "Moderate Buy" and a consensus price target of $81.29.

Carrier Global Trading Down 0.9 %

NYSE CARR opened at $70.18 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $63.28 and a 200 day simple moving average of $68.15. Carrier Global has a 12 month low of $54.22 and a 12 month high of $83.32. The firm has a market capitalization of $60.63 billion, a P/E ratio of 11.18, a PEG ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. On average, analysts predict that Carrier Global will post 2.99 EPS for the current fiscal year.

Institutional Trading of Carrier Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Carrier Global in the 4th quarter valued at about $28,000. Investment Research & Advisory Group Inc. bought a new position in Carrier Global in the first quarter valued at $29,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth about $31,000. 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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