Rothschild & Co Redburn Forecasts Strong Price Appreciation for Carrier Global (NYSE:CARR) Stock

Key Points

• Rothschild & Co Redburn raised its price target on Carrier Global to $73 from $61 while maintaining a "neutral" rating, implying about an 11.5% upside from the prior close.
• Several other analysts also lifted targets this week, leaving a consensus target of $74.14 and an average rating of "Moderate Buy" (13 Buys, 10 Holds).
• Carrier recently beat quarterly estimates with $0.57 EPS (vs. $0.51 expected) and $5.34B revenue (vs. $5.01B expected) and set FY2026 guidance at 2.8 EPS, in line with analyst expectations.

Carrier Global (NYSE:CARR - Get Free Report) had its price objective boosted by stock analysts at Rothschild & Co Redburn from $61.00 to $73.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm currently has a "neutral" rating on the stock. Rothschild & Co Redburn's price target points to a potential upside of 11.53% from the company's previous close.

Several other research analysts have also issued reports on CARR. Wells Fargo & Company boosted their target price on Carrier Global from $58.00 to $71.00 in a research report on Friday. Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a report on Friday. The Goldman Sachs Group raised their price target on Carrier Global from $74.00 to $80.00 in a research note on Friday. Citigroup boosted their price objective on Carrier Global from $72.00 to $79.00 and gave the company a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.14.

Carrier Global Trading Down 0.7%

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

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping 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 net margin of 5.99% and a return on equity of 14.81%. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts expect that Carrier Global will post 2.8 EPS for the current year.

Institutional Trading of Carrier Global

A number of large investors have recently modified their holdings of CARR. Spirepoint Private Client LLC increased its holdings in Carrier Global by 547.7% during the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company's stock valued at $3,623,000 after buying an additional 51,324 shares during the period. Becker Capital Management Inc. raised its stake in Carrier Global by 5.6% in the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company's stock worth $25,405,000 after buying an additional 22,377 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company's stock worth $59,586,000 after buying an additional 72,906 shares during the period. Y.D. More Investments Ltd bought a new stake in Carrier Global during the 4th quarter valued at $1,556,000. Finally, Meitav Investment House Ltd. increased its holdings in shares of Carrier Global by 79.5% in the 3rd quarter. Meitav Investment House Ltd. now owns 364,653 shares of the company's stock valued at $21,770,000 after acquiring an additional 161,513 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

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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