Carrier Global (NYSE:CARR) Raised to Overweight at JPMorgan Chase & Co.

Carrier Global (NYSE:CARR - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm presently has a $78.00 price objective on the stock, up from their prior price objective of $77.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 25.72% from the company's previous close.

CARR has been the subject of a number of other research reports. Northcoast Research started coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a "neutral" rating for the company. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Finally, UBS Group upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 target price on the stock in a research note on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.53.

Carrier Global Stock Performance

NYSE:CARR opened at $62.04 on Wednesday. The stock has a market capitalization of $53.60 billion, a P/E ratio of 9.88, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The company has a 50 day moving average price of $66.89 and a 200 day moving average price of $72.35.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the business posted $0.53 EPS. Equities research analysts forecast that Carrier Global will post 2.99 EPS for the current year.

Hedge Funds Weigh In On Carrier Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,665,505 shares of the company's stock worth $2,709,736,000 after purchasing an additional 469,108 shares during the last quarter. Geode Capital Management LLC lifted its position in Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after acquiring an additional 420,081 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Carrier Global by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after purchasing an additional 46,222 shares during the last quarter. Northern Trust Corp increased its position in shares of Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after purchasing an additional 1,266,137 shares during the last quarter. Finally, FMR LLC raised its stake in Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock valued at $702,603,000 after buying an additional 2,320,909 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

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.

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