Carrier Global (NYSE:CARR - Get Free Report) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $78.00 to $64.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 8.23% from the stock's previous close.
Several other equities analysts also recently weighed in on CARR. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a research note on Friday, February 14th. Citigroup cut their price target 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. Wells Fargo & Company lowered their price objective on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada cut their target price on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, Barclays lowered their price target on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.33.
Check Out Our Latest Report on Carrier Global
Carrier Global Price Performance
NYSE:CARR traded up $0.09 during trading hours on Tuesday, hitting $59.14. The company's stock had a trading volume of 7,161,217 shares, compared to its average volume of 4,513,526. The company has a market capitalization of $51.09 billion, a PE ratio of 9.42, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global has a 52-week low of $53.33 and a 52-week high of $83.32. The business's 50-day moving average is $64.27 and its two-hundred day moving average is $70.31. 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 (NYSE:CARR - Get Free Report) 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 period in the previous year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that Carrier Global will post 2.99 EPS for the current fiscal year.
Institutional Investors Weigh In On Carrier Global
Large investors have recently made changes to their positions in the company. BOK Financial Private Wealth Inc. grew its stake in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Carrier Global by 90.0% during the 4th 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 bought a new position in Carrier Global during the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at $31,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Carrier Global during the fourth quarter valued at approximately $31,000. Institutional investors own 91.00% of the company's stock.
About Carrier Global
(
Get Free Report)
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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