Carrier Global (NYSE:CARR) Price Target Raised to $60.00 at Morgan Stanley

Carrier Global (NYSE:CARR) had its price target raised by equities researchers at Morgan Stanley from $55.00 to $60.00 in a research note issued on Thursday,MarketScreener reports. Morgan Stanley’s price objective would indicate a potential downside of 4.53% from the company’s previous close.

Several other analysts have also weighed in on the company. The Goldman Sachs Group lifted their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. BNP Paribas Exane initiated coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Evercore boosted their target price on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn upped their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $62.85 on Thursday. The firm’s fifty day moving average is $61.22 and its two-hundred day moving average is $58.55. Carrier Global has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a market cap of $52.20 billion, a P/E ratio of 41.29, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. Carrier Global’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts anticipate that Carrier Global will post 2.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC raised its position in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after buying an additional 1,850 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after acquiring an additional 23,200 shares during the last quarter. United Bank increased its stake in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after acquiring an additional 4,956 shares during the period. Schnieders Capital Management LLC. increased its stake in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after acquiring an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in shares of Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

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.