Analysts Set Carrier Global Co. (NYSE:CARR) PT at $82.53

Carrier Global Co. (NYSE:CARR) has been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $82.53.

A number of research analysts have recently issued reports on the stock. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company.

Hedge Funds Weigh In On Carrier Global

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Carrier Global in the fourth quarter worth about $588,029,000. Wealthfront Advisers LLC boosted its position in Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after purchasing an additional 4,915,826 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Carrier Global by 139.1% during the 4th quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company’s stock worth $361,544,000 after purchasing an additional 3,080,984 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of Carrier Global during the 4th quarter valued at approximately $166,061,000. Finally, FMR LLC lifted its stake in shares of Carrier Global by 36.2% in the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after purchasing an additional 2,320,909 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.2 %

Carrier Global stock opened at $68.07 on Wednesday. Carrier Global has a twelve month low of $53.33 and a twelve month high of $83.32. The business has a fifty day moving average of $66.33 and a two-hundred day moving average of $71.94. The firm has a market cap of $58.81 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, analysts forecast that Carrier Global will post 2.99 earnings per share for the current fiscal year.

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.