Carrier Global Corporation (NYSE:CARR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Carrier Global Corporation (NYSE:CARR) have been assigned an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $73.38.

A number of research analysts have weighed in on CARR shares. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Sanford C. Bernstein restated a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a research note on Thursday, July 30th. Wells Fargo & Company assumed coverage on shares of Carrier Global in a report on Thursday. They issued an “overweight” rating and a $67.00 price target on the stock. Citigroup upped their price objective on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Wolfe Research reissued an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Carrier Global in the 2nd quarter valued at about $590,759,000. Bank of America Corp DE purchased a new stake in Carrier Global during the second quarter valued at about $572,908,000. Norges Bank bought a new position in Carrier Global during the fourth quarter worth about $380,299,000. Legal & General Group Plc purchased a new position in shares of Carrier Global in the second quarter worth about $322,366,000. Finally, Primecap Management Co. CA purchased a new position in shares of Carrier Global in the second quarter worth about $283,585,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 2.6%

Shares of Carrier Global stock opened at $56.31 on Friday. The firm has a market cap of $46.42 billion, a PE ratio of 39.10, a P/E/G ratio of 2.17 and a beta of 1.30. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The stock has a fifty day moving average price of $60.58 and a 200-day moving average price of $63.01.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts anticipate that Carrier Global will post 2.87 EPS for the current year.

Carrier Global Company Profile

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.