Carrier Global (NYSE:CARR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Carrier Global (NYSE:CARR) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $63.00 to $67.00 in a research note issued on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 1.27% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Barclays upped their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Mizuho upped their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Wells Fargo & Company increased their price target on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, Citigroup lifted their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.

Carrier Global Trading Up 0.9%

Shares of NYSE:CARR opened at $66.16 on Thursday. The company has a market capitalization of $54.95 billion, a P/E ratio of 43.26, a P/E/G ratio of 2.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The business’s 50 day simple moving average is $60.13 and its 200 day simple moving average is $58.16. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts anticipate that Carrier Global will post 2.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Several hedge funds and other institutional investors have recently made changes to their positions in CARR. Becker Capital Management Inc. boosted its holdings in shares of Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock worth $25,405,000 after buying an additional 22,377 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Carrier Global by 6.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after acquiring an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Carrier Global during the 4th quarter valued at $1,556,000. Meitav Investment House Ltd. lifted its position in shares of Carrier Global by 79.5% during the 3rd quarter. Meitav Investment House Ltd. now owns 364,653 shares of the company’s stock valued at $21,770,000 after acquiring an additional 161,513 shares during the period. Finally, Canoe Financial LP boosted its stake in Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after acquiring an additional 1,026,147 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.