Carrier Global (NYSE:CARR) Price Target Cut to $71.00 by Analysts at Citigroup

Posted by Brian Himes on Oct 31st, 2026

Carrier Global (NYSE:CARR – Free Report) had its price target reduced by Citigroup from $80.00 to $71.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

CARR has been the topic of several other reports. Mizuho lowered their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Wolfe Research restated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Sanford C. Bernstein reduced their price target on Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a research report on Wednesday, October 7th. BNP Paribas Exane decreased 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. Finally, Wells Fargo & Company lowered their price objective on Carrier Global from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.54.

Get Our Latest Stock Report on Carrier Global

Carrier Global Stock Performance

CARR stock opened at $53.45 on Friday. The firm has a 50 day simple moving average of $56.37 and a 200 day simple moving average of $61.71. Carrier Global has a 52 week low of $50.24 and a 52 week high of $76.76. The stock has a market cap of $44.06 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.72 and a current ratio of 1.00.

Carrier Global (NYSE:CARR – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. Carrier Global had a positive return on equity of 16.99% and a negative net margin of 7.90%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the firm posted $0.67 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. Research analysts anticipate that Carrier Global will post 2.89 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio is -43.24%.

Institutional Investors Weigh In On Carrier Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in shares of Carrier Global in the 2nd quarter worth approximately $590,759,000. Bank of America Corp DE acquired a new stake in shares of Carrier Global during the 2nd quarter worth approximately $572,908,000. Legal & General Group Plc bought a new stake in shares of Carrier Global during the second quarter valued at approximately $322,366,000. Primecap Management Co. CA bought a new stake in shares of Carrier Global during the second quarter valued at approximately $283,585,000. Finally, Deutsche Bank AG bought a new stake in shares of Carrier Global during the second quarter valued at approximately $166,165,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global News Summary

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

Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

About Carrier Global

(Get Free Report)

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.