Carrier Global Corporation (NYSE:CARR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Twenty-two analysts rate Carrier Global “Moderate Buy,” with 12 buy ratings, nine holds and one strong buy. The average 12-month price target is approximately $73.67.
• Several firms recently raised their price targets, including RBC to $81, Argus to $75 and Evercore to $85, despite shares opening at $58.51 and trading down 2.4%.
• Carrier exceeded quarterly expectations with $0.86 EPS versus an $0.82 consensus and $6.35 billion in revenue versus $6.02 billion expected. Institutional investors own approximately 91% of the company, which also pays a $0.24 quarterly dividend yielding about 1.6%.

Shares of Carrier Global Corporation (NYSE:CARR - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-two analysts that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $73.6726.

Several analysts recently issued reports on the stock. Rothschild & Co Redburn upped their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Royal Bank Of Canada raised their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. Argus boosted their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Finally, Evercore upped their target price on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st.

Institutional Trading of Carrier Global

Several institutional investors and hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global during the 2nd quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its stake in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Torren Management LLC bought a new position in Carrier Global during the fourth quarter worth $25,000. Finally, Burnham & Co LLC acquired a new position in Carrier Global in the second quarter worth $37,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Trading Down 2.4%

Shares of CARR opened at $58.51 on Wednesday. Carrier Global has a one year low of $50.24 and a one year high of $76.76. The stock has a 50-day moving average price of $66.89 and a 200 day moving average price of $64.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The company has a market capitalization of $48.23 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.21 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.92 EPS. Carrier Global's revenue for the quarter was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts forecast that Carrier Global will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global's payout ratio is currently 66.67%.

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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