Rothschild & Co Redburn Has Lowered Expectations for Carrier Global (NYSE:CARR) Stock Price

Key Points

• Rothschild & Co Redburn has reduced their price target for Carrier Global from $76.00 to $66.00, maintaining a "neutral" rating for the stock.
• Other firms like Deutsche Bank and Citigroup have also lowered their price targets for Carrier Global, with targets ranging from $70.00 to $75.00.
• Currently, Carrier Global has a consensus target price of $79.00 based on ratings from multiple analysts, with a mix of "buy" and "hold" ratings across the sector.

Carrier Global (NYSE:CARR - Get Free Report) had its price target dropped by research analysts at Rothschild & Co Redburn from $76.00 to $66.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a "neutral" rating on the stock. Rothschild & Co Redburn's target price points to a potential upside of 11.02% from the stock's previous close.

A number of other research firms have also issued reports on CARR. Deutsche Bank Aktiengesellschaft dropped their price target on Carrier Global from $73.00 to $70.00 and set a "hold" rating for the company in a research report on Tuesday, September 23rd. Citigroup decreased their target price on Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a report on Friday, September 12th. Barclays decreased their price objective on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday, September 11th. Melius started coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Carrier Global in a report on Thursday, September 11th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $79.00.

Carrier Global Stock Performance

NYSE:CARR traded down $0.25 during trading hours on Wednesday, reaching $59.45. The company had a trading volume of 212,133 shares, compared to its average volume of 5,365,925. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The firm has a market cap of $50.59 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The business's 50 day moving average price is $65.51 and its 200-day moving average price is $67.66. Carrier Global has a 1-year low of $54.22 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Research analysts forecast that Carrier Global will post 2.99 EPS for the current year.

Institutional Investors Weigh In On Carrier Global

Hedge funds have recently added to or reduced their stakes in the stock. AdvisorShares Investments LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth $25,000. Winnow Wealth LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carrier Global in the 2nd quarter valued at approximately $26,000. Traub Capital Management LLC purchased a new stake in shares of Carrier Global during the second quarter worth $27,000. Finally, Accredited Wealth Management LLC acquired a new position in Carrier Global in the 1st quarter worth about $28,000. 91.00% of the stock is currently owned by institutional investors.

About Carrier Global

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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