Rothschild & Co Redburn Cuts Carrier Global (NYSE:CARR) Price Target to $66.00

Carrier Global (NYSE:CARR) had its target price lowered by Rothschild & Co Redburn from $76.00 to $66.00 in a report issued on Wednesday morning,MarketScreener reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the company. Oppenheimer lowered their price target on Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, September 17th. Mizuho lowered their target price on Carrier Global from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price target on the stock in a research note on Tuesday, July 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $79.00 target price on shares of Carrier Global in a report on Tuesday, July 15th. Finally, Melius began coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $79.00.

Carrier Global Stock Performance

CARR stock opened at $59.63 on Wednesday. Carrier Global has a twelve month low of $54.22 and a twelve month high of $83.32. The firm has a market cap of $50.75 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.83 and a beta of 1.25. The business’s fifty day simple moving average is $64.27 and its two-hundred day simple moving average is $67.49. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76.

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

Institutional Trading of Carrier Global

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after buying an additional 450,594 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after acquiring an additional 7,409,432 shares during the period. Fisher Asset Management LLC raised its stake in Carrier Global by 3.1% in the 2nd quarter. Fisher Asset Management LLC now owns 15,048,555 shares of the company’s stock worth $1,101,404,000 after acquiring an additional 448,055 shares during the last quarter. Brown Advisory Inc. lifted its position in Carrier Global by 6.3% during the 2nd quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock worth $752,533,000 after acquiring an additional 607,901 shares during the period. Finally, Nuveen LLC purchased a new stake in Carrier Global during the 1st quarter valued at about $649,512,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

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.