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Carrier Global (NYSE:CARR – Get Free Report) had its target price cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $73.00 to $70.00 in a report released on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 18.63% from the company’s current price.
Several other equities analysts also recently weighed in on CARR. The Goldman Sachs Group reduced their target price on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Barclays cut their price objective on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Mizuho decreased their target price on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Melius initiated coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They set a “hold” rating and a $90.00 price target for the company. Finally, Morgan Stanley cut their price target on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.72.
Get Our Latest Research Report on Carrier Global
Carrier Global Stock Down 1.2%
Shares of NYSE CARR opened at $59.01 on Tuesday. The firm has a market cap of $50.21 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. Carrier Global has a 1 year low of $54.22 and a 1 year high of $83.32. The firm’s 50 day moving average price is $66.91 and its 200 day moving average price is $67.83.
Carrier Global (NYSE:CARR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The company had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, sell-side analysts anticipate that Carrier Global will post 2.99 earnings per share for the current year.
Institutional Trading of Carrier Global
A number of institutional investors have recently added to or reduced their stakes in CARR. Costello Asset Management INC raised its position in Carrier Global by 4.2% in the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock valued at $231,000 after purchasing an additional 127 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Carrier Global by 1.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock valued at $884,000 after buying an additional 150 shares in the last quarter. Penobscot Investment Management Company Inc. raised its holdings in shares of Carrier Global by 0.7% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after buying an additional 155 shares during the period. Lindbrook Capital LLC lifted its position in Carrier Global by 1.3% during the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after acquiring an additional 156 shares in the last quarter. Finally, Code Waechter LLC boosted its holdings in Carrier Global by 5.1% in the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock worth $214,000 after acquiring an additional 164 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.
About Carrier Global
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.
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