Carrier Global (NYSE:CARR) Given New $71.00 Price Target at Citigroup

Carrier Global (NYSE:CARR) had its price target decreased by Citigroup from $80.00 to $71.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective indicates a potential upside of 32.84% from the company’s previous close.

Several other analysts also recently issued reports on the company. BNP Paribas Exane reduced their price target on Carrier Global from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday. The Goldman Sachs Group lowered Carrier Global from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $74.00 to $61.00 in a report on Wednesday, October 14th. Wolfe Research reiterated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft dropped their target price on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Finally, Mizuho reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.60.

Carrier Global Stock Performance

CARR stock traded down $2.09 during mid-day trading on Friday, hitting $53.45. 9,822,197 shares of the company were exchanged, compared to its average volume of 6,731,465. Carrier Global has a 1-year low of $50.24 and a 1-year high of $76.76. The stock has a market capitalization of $44.06 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. The business has a 50 day simple moving average of $56.50 and a 200-day simple moving average of $61.72. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, October 29th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.09 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, equities analysts forecast that Carrier Global will post 2.87 earnings per share for the current year.

Institutional Investors Weigh In On Carrier Global

Large investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global during the 2nd quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of Carrier Global in the second quarter worth $26,000. Latitude Advisors LLC acquired a new position in Carrier Global in the third quarter valued at about $27,000. Financial Management Professionals Inc. raised its stake in Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Finally, Downshift Financial LLC raised its stake in Carrier Global by 69.5% in the third quarter. Downshift Financial LLC now owns 517 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global News Summary

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

• Positive Sentiment: Strong Q3 earnings and sales: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12% year over year to $6.26 billion, exceeding expectations. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand outlook remains robust: Company orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog above $8.5 billion and signed multibillion-dollar long-term agreements with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales guidance was raised: Higher HVAC demand, backlog strength and tariff refunds supported an improved 2026 sales outlook. Carrier generated $674 million in free cash flow and returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analyst views remain constructive but less optimistic: Wells Fargo, BNP Paribas Exane and RBC lowered their price targets to $65, $60 and $70, respectively. Ratings remain overweight, neutral and outperform, indicating continued expected upside but more cautious expectations.
• Negative Sentiment: GAAP results included a sizable impairment: Carrier reported GAAP EPS of negative $3.16, largely reflecting a goodwill impairment charge, which may weigh on headline earnings despite the adjusted-profit beat.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, about 189% above typical daily put volume, signaling heightened near-term hedging or bearish speculation.

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, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.