Carrier Global (NYSE:CARR) Upgraded at Zacks Research

Carrier Global (NYSE:CARR) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages have also commented on CARR. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 price objective on shares of Carrier Global in a report on Thursday. Barclays lifted their target price on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. BNP Paribas Exane initiated coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price on the stock. Argus upped their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Up 0.9%

NYSE CARR opened at $61.95 on Thursday. The firm’s 50-day moving average is $68.51 and its two-hundred day moving average is $63.48. Carrier Global has a 12 month low of $50.24 and a 12 month 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 0.75. The stock has a market capitalization of $51.07 billion, a P/E ratio of 43.02, a PEG ratio of 2.38 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Carrier Global’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts anticipate that Carrier Global will post 2.88 earnings per share for the current year.

Institutional Investors Weigh In On Carrier Global

Institutional investors have recently modified their holdings of the company. YANKCOM Partnership grew its stake in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares in the last quarter. Torren Management LLC acquired a new stake in Carrier Global in the fourth quarter valued at $25,000. Financial Management Professionals Inc. lifted its holdings in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after buying an additional 225 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global during the 4th quarter worth about $33,000. Finally, Signature Equity Partners LLC boosted its position in shares of Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after acquiring an additional 530 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Company Profile

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.