Carrier Global (CARR) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CARR shares.
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12 brokerages have issued 1-year target prices for Carrier Global's stock. Their CARR share price forecasts range from $42.00 to $55.00. On average, they anticipate the company's share price to reach $48.87 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
View analysts price targets for CARR or view top-rated stocks among Wall Street analysts.

Carrier Global's stock was trading at $41.25 at the beginning of 2023. Since then, CARR stock has increased by 8.7% and is now trading at $44.85.
View the best growth stocks for 2023 here.

Carrier Global saw a increase in short interest in May. As of May 15th, there was short interest totaling 20,060,000 shares, an increase of 22.9% from the April 30th total of 16,320,000 shares. Based on an average trading volume of 5,710,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.4% of the shares of the stock are short sold.
View Carrier Global's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CARR earnings forecast.

Carrier Global Co. (NYSE:CARR) issued its earnings results on Tuesday, April, 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business earned $5.27 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a trailing twelve-month return on equity of 25.56% and a net margin of 12.02%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS.
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Carrier Global declared a quarterly dividend on Thursday, April 20th. Investors of record on Friday, May 5th will be given a dividend of $0.185 per share on Wednesday, May 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 4th.
Read our dividend analysis for CARR.

ETFs with the largest weight of Carrier Global (NYSE:CARR) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Global X Green Building ETF (GRNR), AdvisorShares Focused Equity ETF (CWS), SPDR S&P Homebuilders ETF (XHB), First Trust US Equity Opportunities ETF (FPX), Leatherback Long/Short Alternative Yield ETF (LBAY) and JPMorgan Climate Change Solutions ETF (TEMP).

Carrier Global (NYSE:CARR) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.69%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 26.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARR.

Carrier Global issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $2.50-$2.60 for the period, compared to the consensus estimate of $2.57. The company issued revenue guidance of $22.00 billion-$22.00 billion, compared to the consensus revenue estimate of $22.02 billion.

1,551 employees have rated Carrier Global Chief Executive Officer David Gitlin on Glassdoor.com. David Gitlin has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carrier Global investors own include Raytheon Technologies (RTX), Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Pfizer (PFE), QUALCOMM (QCOM), Cisco Systems (CSCO), Verizon Communications (VZ), CVS Health (CVS) and Intel (INTC).

Carrier Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "CARR."

Carrier Global's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.01%), State Street Corp (3.97%), Price T Rowe Associates Inc. MD (2.09%), Geode Capital Management LLC (2.08%), Dodge & Cox (1.78%) and Fiera Capital Corp (1.43%). Insiders that own company stock include Ajay Agrawal, David Appel, Jurgen Timperman, Kyle Crockett and Nadia Villeneuve.
View institutional ownership trends.

Shares of CARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CARR stock can currently be purchased for approximately $44.85.

Carrier Global (NYSE:CARR) has a market capitalization of $37.44 billion and generates $21.04 billion in revenue each year. The company earns $3.53 billion in net income (profit) each year or $2.96 on an earnings per share basis.

The company employs 52,000 workers across the globe.

Carrier Global's mailing address is 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL, 33418. The official website for the company is www.corporate.carrier.com. The company can be reached via phone at 561-365-2000 or via email at investorrelations@carrier.com.