Carrier Global Corporation (NYSE:CARR) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Carrier Global has a “Moderate Buy” consensus rating from 21 analysts: 11 recommend buying, nine say hold, and one issues a strong buy. The average 12-month price target is approximately $73.60.
• The company exceeded quarterly expectations, reporting $0.86 in EPS versus the $0.82 consensus estimate and $6.35 billion in revenue versus $6.02 billion expected. Revenue increased 3.9% year over year.
• Shares opened at $53.87, near the company’s 52-week low of $50.24 and below its 50-day and 200-day moving averages; institutional investors own approximately 91% of outstanding shares.

Carrier Global Corporation (NYSE:CARR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $73.5989.

CARR has been the topic of several recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Carrier Global in a research report on Monday, July 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $78.00 price target on shares of Carrier Global in a report on Thursday, July 30th. Morgan Stanley boosted their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 28th. Citigroup raised their target price on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th.

Carrier Global Trading Down 1.0%

NYSE:CARR opened at $53.87 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The business's 50 day moving average is $61.96 and its two-hundred day moving average is $63.21. Carrier Global has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a market cap of $44.40 billion, a PE ratio of 37.41, a P/E/G ratio of 2.08 and a beta of 1.30.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the company posted $0.92 EPS. The business's revenue 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. On average, analysts predict that Carrier Global will post 2.87 EPS for the current year.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in Carrier Global during the second quarter worth approximately $26,000. Financial Management Professionals Inc. lifted its position in Carrier Global by 142.4% in 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 period. Signature Equity Partners LLC lifted its position in Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock worth $36,000 after purchasing an additional 530 shares during the period. Finally, Burnham & Co LLC acquired a new stake in shares of Carrier Global in the second quarter valued at $37,000. Institutional investors own 91.00% of the company's stock.

About Carrier Global

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.

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