Carrier Global (NYSE:CARR) Stock Price Target Cut by Deutsche Bank Aktiengesellschaft

Carrier Global (NYSE:CARR) had its price objective cut by investment analysts at Deutsche Bank Aktiengesellschaft from $71.00 to $64.00 in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 15.58% from the company’s current price.

Several other analysts also recently issued reports on CARR. Citigroup increased their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $74.00 target price on shares of Carrier Global in a research note on Wednesday. Wolfe Research reissued an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $73.04.

Carrier Global Stock Down 0.9%

Shares of NYSE:CARR opened at $55.38 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76. The stock has a market capitalization of $45.65 billion, a P/E ratio of 38.45, a PEG ratio of 2.15 and a beta of 1.30. The stock has a 50-day simple moving average of $60.13 and a 200-day simple moving average of $63.00.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global will post 2.87 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. bought a new stake in shares of Carrier Global in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in Carrier Global during the second quarter valued at $26,000. Financial Management Professionals Inc. increased its stake in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Burnham & Co LLC acquired a new stake in shares of Carrier Global during the second quarter worth $37,000. Finally, Signature Equity Partners LLC lifted its position in shares of Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after buying an additional 530 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Company Profile

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, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.