Carrier Global (NYSE:CARR) Earns Outperform Rating from Analysts at Evercore

Evercore initiated coverage on shares of Carrier Global (NYSE:CARR) in a research report report published on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $75.00 price target on the stock.

Several other equities analysts have also issued reports on CARR. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. CICC Research lowered their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Royal Bank Of Canada cut their target price on shares of Carrier Global from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Rothschild & Co Redburn reduced their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $69.79.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $58.48 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $60.43 and a 200 day simple moving average of $57.49. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market cap of $48.86 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.64 and a beta of 1.32.

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

Hedge Funds Weigh In On Carrier Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Carrier Global during the fourth quarter worth about $380,299,000. Capital International Investors lifted its holdings in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after purchasing an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Carrier Global by 506.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after purchasing an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. increased its stake in Carrier Global by 461.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after purchasing an additional 2,022,136 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Carrier Global during the 4th quarter worth approximately $99,839,000. 91.00% of the stock is owned by institutional investors.

Key Headlines Impacting Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.24/share (supportive for income investors and signals confidence in cash generation). Carrier Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Evercore initiated coverage with an Outperform/recommendation, giving the stock a buyer-supportive take that can help limit downside if execution and commercial HVAC momentum hold. Evercore ISI Group initiates coverage of Carrier Global with Outperform
• Positive Sentiment: Insider buying (CEO purchase noted in recent filings) is a vote of confidence from management and can be viewed positively by investors. Quiver Quantitative coverage (insider activity)
• Neutral Sentiment: BNP Paribas (Exane) initiated coverage with a Neutral rating and $62 price target — slightly above recent levels but not a strong buy signal, so it’s unlikely to reverse weakness on its own. BNP Paribas initiates coverage with Neutral
• Negative Sentiment: Large unusual put buying — ~13,175 put contracts purchased (≈133% above average) — indicates increased hedging or directional bearish bets, which tends to add downside pressure to the share price. (Options volume report entry)
• Negative Sentiment: Analyst price‑target trims and lingering worries about softer near‑term residential HVAC demand and conservative 2026 outlook commentary have reset expectations and contributed to selling/profit‑taking after a short April rally. Quiver Quantitative analysis of downward pressure

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.