Barclays Issues Pessimistic Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its price target cut by stock analysts at Barclays from $72.00 to $67.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 16.99% from the stock’s current price.

Several other analysts also recently commented on the stock. CICC Research decreased their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Robert W. Baird upped their target price on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Royal Bank Of Canada increased their price target on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Argus raised their price target on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.15.

Carrier Global Stock Performance

CARR traded up $0.96 during mid-day trading on Wednesday, reaching $57.27. 994,738 shares of the company traded hands, compared to its average volume of 7,457,172. The company’s fifty day moving average price is $60.43 and its 200-day moving average price is $57.54. The stock has a market capitalization of $47.85 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.22 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. Carrier Global has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts expect that Carrier Global will post 2.99 EPS for the current year.

Hedge Funds Weigh In On Carrier Global

A number of large investors have recently made changes to their positions in the company. Spirepoint Private Client LLC lifted its holdings in Carrier Global by 547.7% during the 3rd 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 in the last quarter. Becker Capital Management Inc. grew its stake in Carrier Global by 5.6% in the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock worth $25,405,000 after acquiring an additional 22,377 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its position in shares of Carrier Global by 24.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock worth $12,931,000 after acquiring an additional 42,161 shares during the period. Oak Thistle LLC purchased a new position in shares of Carrier Global during the third quarter worth approximately $1,986,000. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Carrier Global during the third quarter valued at approximately $20,678,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

About Carrier Global

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.