Carrier Global (NYSE:CARR) Price Target Lowered to $83.00 at Barclays

Carrier Global (NYSE:CARR) had its price target lowered by equities research analysts at Barclays from $87.00 to $83.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 26.39% from the stock’s previous close.

A number of other research firms have also weighed in on CARR. Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group started coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Price Performance

NYSE CARR opened at $65.67 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global has a 12 month low of $53.33 and a 12 month high of $83.32. The stock has a market cap of $56.74 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.01 and a beta of 1.35. The company’s 50 day moving average is $66.21 and its two-hundred day moving average is $71.86.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, research analysts anticipate that Carrier Global will post 2.99 earnings per share for the current year.

Institutional Investors Weigh In On Carrier Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CARR. FSA Wealth Management LLC purchased a new stake in Carrier Global in the 3rd quarter worth about $28,000. BOK Financial Private Wealth Inc. increased its stake in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after acquiring an additional 180 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Carrier Global in the fourth quarter worth about $28,000. Finally, Mattson Financial Services LLC bought a new position in Carrier Global during the 4th quarter worth about $31,000. 91.00% of the stock is currently owned by hedge funds and other 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.