Carrier Global (NYSE:CARR) Stock Gets Price Target Trim from BNP Paribas Exane

Carrier Global (NYSE:CARR) had its target price dropped by research analysts at BNP Paribas Exane from $68.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. BNP Paribas Exane‘s price objective indicates a potential upside of 11.49% from the stock’s previous close.

Several other equities research analysts also recently issued reports on CARR. Deutsche Bank Aktiengesellschaft lowered their price target on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Mizuho decreased their price objective on Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Zacks Research cut shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Wolfe Research reissued an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.21.

Carrier Global Trading Down 3.1%

Carrier Global stock traded down $1.72 during midday trading on Friday, hitting $53.82. 3,495,143 shares of the stock were exchanged, compared to its average volume of 6,699,718. The stock has a market capitalization of $44.36 billion, a PE ratio of 37.40, a P/E/G ratio of 1.92 and a beta of 1.29. The company has a fifty day simple moving average of $56.50 and a two-hundred day simple moving average of $61.72. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global has a 52 week low of $50.24 and a 52 week high of $76.76.

Carrier Global (NYSE:CARR) last posted 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 net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Carrier Global will post 2.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors have recently added to or reduced their stakes in CARR. Van Hulzen Asset Management LLC bought a new position in Carrier Global during the second quarter worth about $1,992,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Carrier Global by 269.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 118,806 shares of the company’s stock valued at $6,646,000 after buying an additional 86,665 shares during the last quarter. Cardinal Capital Management Inc. lifted its position in shares of Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares during the last quarter. Reynders McVeigh Capital Management LLC boosted its stake in shares of Carrier Global by 3.0% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 918,219 shares of the company’s stock worth $67,351,000 after acquiring an additional 27,061 shares during the period. Finally, Avity Investment Management Inc. boosted its stake in shares of Carrier Global by 33.9% during the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after acquiring an additional 49,260 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global News Roundup

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

• Positive Sentiment: Carrier’s third-quarter adjusted EPS of $0.87 exceeded the $0.76 consensus estimate, while revenue rose 12.3% year over year to $6.26 billion, topping estimates of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand indicators were particularly strong: total orders increased approximately 35%, commercial HVAC orders rose about 60%, and data-center orders surged roughly 300%. Carrier reported a record backlog exceeding $8.5 billion and signed multibillion-dollar long-term agreements with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Management raised its full-year sales outlook, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million, free cash flow was $674 million, and roughly $600 million was returned to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Positive Sentiment: Carrier announced a more than $600 million expansion, which could increase capacity and support longer-term growth in climate and energy solutions. Carrier Announces Expansion
• Neutral Sentiment: Unusually heavy put-option activity—18,275 contracts, or about 189% above typical volume—signals increased hedging or bearish speculation, but does not by itself confirm a change in fundamentals.
• Negative Sentiment: GAAP EPS was a $3.16 loss because of a goodwill impairment charge. Although adjusted earnings were strong, the impairment and ongoing cost pressures may have prompted investors to question the quality and durability of reported profits. Carrier Reports Goodwill Impairment Charge

About Carrier Global

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.