Rothschild & Co Redburn Has Lowered Expectations for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its price objective reduced by Rothschild & Co Redburn from $76.00 to $66.00 in a report released on Wednesday morning,MarketScreener reports. They currently have a neutral rating on the stock.

Several other analysts have also commented on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Mizuho dropped their price objective on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Morgan Stanley decreased their target price on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Barclays lowered their price target on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Finally, Citigroup cut their price objective on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Carrier Global Stock Up 1.2%

NYSE:CARR opened at $59.63 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The company’s fifty day moving average price is $64.27 and its 200-day moving average price is $67.49. Carrier Global has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a market capitalization of $50.75 billion, a P/E ratio of 12.99, a PEG ratio of 1.83 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities research analysts anticipate that Carrier Global will post 2.99 EPS for the current year.

Institutional Trading of Carrier Global

Several large investors have recently bought and sold shares of the business. AdvisorShares Investments LLC acquired a new position in shares of Carrier Global during the 2nd quarter valued at about $25,000. Winnow Wealth LLC acquired a new position in Carrier Global in the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carrier Global in the 2nd quarter valued at about $26,000. Traub Capital Management LLC purchased a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $27,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Carrier Global during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.