Carrier Global (NYSE:CARR) PT Raised to $90.00

Carrier Global (NYSE:CARR) had its price target raised by stock analysts at Bank of America from $80.00 to $90.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 10.36% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Stephens downgraded Carrier Global from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $75.00 to $85.00 in a report on Wednesday. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. JPMorgan Chase & Co. began coverage on shares of Carrier Global in a research report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 target price on the stock. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their price target for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Finally, Oppenheimer raised their price objective on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.67.

Carrier Global Trading Up 0.1 %

NYSE CARR opened at $81.55 on Friday. Carrier Global has a 52 week low of $45.68 and a 52 week high of $83.32. The firm has a 50 day moving average of $75.32 and a two-hundred day moving average of $67.22. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $73.48 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. Carrier Global’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, research analysts expect that Carrier Global will post 2.85 EPS for the current fiscal year.

Insider Activity at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.95% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carrier Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARR. Nordea Investment Management AB boosted its stake in shares of Carrier Global by 5.5% in the first quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after buying an additional 43,002 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Carrier Global by 54,708.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock worth $864,000 after purchasing an additional 13,677 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Carrier Global in the 4th quarter valued at about $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Carrier Global by 50.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after purchasing an additional 130,192 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Carrier Global during the first quarter worth about $2,019,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

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.