Sanford C. Bernstein Issues Pessimistic Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its target price reduced by stock analysts at Sanford C. Bernstein from $78.00 to $64.00 in a research report issued on Wednesday, MarketBeat reports. The firm presently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 14.63% from the company’s current price.

A number of other research analysts have also recently issued reports on CARR. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Zacks Research lowered Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Citigroup lifted their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. The Goldman Sachs Group decreased their price target on Carrier Global from $85.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.27.

Carrier Global Trading Up 1.5%

CARR stock opened at $55.83 on Wednesday. The company has a market capitalization of $46.02 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global has a one year low of $50.24 and a one year high of $76.76. The company’s 50 day moving average price is $58.68 and its two-hundred day moving average price is $62.92.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts predict that Carrier Global will post 2.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

Several hedge funds have recently made changes to their positions in CARR. Dynamic Advisor Solutions LLC lifted its position in Carrier Global by 2.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after buying an additional 158 shares during the period. Aigen Investment Management LP boosted its holdings in shares of Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares in the last quarter. Texas Bank & Trust Co grew its position in shares of Carrier Global by 1.3% in the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after buying an additional 175 shares during the period. Personal CFO Solutions LLC grew its position in shares of Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock worth $1,389,000 after buying an additional 181 shares during the period. Finally, PFG Investments LLC increased its stake in shares of Carrier Global by 2.8% in the 1st quarter. PFG Investments LLC now owns 7,242 shares of the company’s stock worth $408,000 after acquiring an additional 198 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 (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.