Rothschild & Co Redburn Issues Pessimistic Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its price objective cut by research analysts at Rothschild & Co Redburn from $76.00 to $66.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. Rothschild & Co Redburn’s target price suggests a potential upside of 12.04% from the stock’s current price.

Several other analysts have also issued reports on the company. Oppenheimer lowered their target price on Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 17th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price objective on the stock in a research note on Tuesday, July 1st. Citigroup dropped their price objective on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. The Goldman Sachs Group reduced their target price on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Carrier Global Price Performance

CARR opened at $58.91 on Wednesday. Carrier Global has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm has a 50-day moving average of $64.70 and a 200 day moving average of $67.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The firm has a market cap of $50.13 billion, a P/E ratio of 12.83, a PEG ratio of 1.85 and a beta of 1.25.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, research analysts expect that Carrier Global will post 2.99 EPS for the current year.

Institutional Trading of Carrier Global

A number of hedge funds have recently made changes to their positions in CARR. Central Pacific Bank Trust Division raised its position in Carrier Global by 14.4% during the third quarter. Central Pacific Bank Trust Division now owns 5,570 shares of the company’s stock valued at $333,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Carrier Global by 1.1% during the 3rd quarter. GAMMA Investing LLC now owns 19,575 shares of the company’s stock valued at $1,169,000 after purchasing an additional 212 shares during the last quarter. AHL Investment Management Inc. raised its holdings in shares of Carrier Global by 14.1% during the 3rd quarter. AHL Investment Management Inc. now owns 21,073 shares of the company’s stock valued at $1,258,000 after buying an additional 2,602 shares in the last quarter. Jacobs & Co. CA lifted its position in Carrier Global by 9.6% in the 3rd quarter. Jacobs & Co. CA now owns 145,929 shares of the company’s stock worth $8,711,000 after buying an additional 12,730 shares during the last quarter. Finally, Rydar Equities Inc. purchased a new stake in Carrier Global in the second quarter worth approximately $1,610,000. 91.00% of the stock is owned by institutional investors.

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.