Carrier Global (NYSE:CARR) Now Covered by JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Carrier Global (NYSE:CARR) in a research note issued to investors on Friday. The brokerage set a “neutral” rating and a $61.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.04% from the company’s previous close.

Several other analysts have also recently issued reports on CARR. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Sanford C. Bernstein dropped their target price on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Citigroup raised their target price on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company began coverage on Carrier Global in a report on Thursday, September 24th. They set an “overweight” rating and a $67.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.93.

Carrier Global Trading Down 0.7%

Shares of Carrier Global stock traded down $0.40 during trading hours on Friday, reaching $55.43. The stock had a trading volume of 164,697 shares, compared to its average volume of 6,771,181. The firm has a 50 day simple moving average of $58.68 and a two-hundred day simple moving average of $62.92. The firm has a market capitalization of $45.70 billion, a price-to-earnings ratio of 38.32, a P/E/G ratio of 1.88 and a beta of 1.29. 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 has a 1 year low of $50.24 and a 1 year high of $76.76.

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

Institutional Investors Weigh In On Carrier Global

A number of institutional investors and hedge funds have recently modified their holdings of CARR. Mn Services Vermogensbeheer B.V. lifted its stake in Carrier Global by 36.4% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 300,288 shares of the company’s stock valued at $16,474,000 after buying an additional 80,088 shares in the last quarter. Diversified Management Inc. purchased a new stake in shares of Carrier Global in the third quarter valued at $2,356,000. Professional Advisory Services Inc. boosted its position in shares of Carrier Global by 22.7% in the third quarter. Professional Advisory Services Inc. now owns 370,360 shares of the company’s stock worth $20,318,000 after buying an additional 68,547 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Carrier Global by 69.4% during the third quarter. Farther Finance Advisors LLC now owns 37,815 shares of the company’s stock valued at $2,075,000 after buying an additional 15,490 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in Carrier Global by 109.7% during the third quarter. CoreCap Advisors LLC now owns 3,211 shares of the company’s stock valued at $176,000 after buying an additional 1,680 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

About Carrier Global

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.