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

Carrier Global (NYSE:CARR) had its price target cut by Barclays from $87.00 to $83.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also issued reports on the company. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, eleven have assigned 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 $82.27.

Carrier Global Trading Down 3.6 %

NYSE CARR opened at $63.28 on Wednesday. Carrier Global has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock’s 50 day moving average price is $66.08 and its two-hundred day moving average price is $71.81. The stock has a market capitalization of $54.67 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $0.53 EPS. As a group, analysts anticipate that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Carrier Global

A number of institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Carrier Global in the third quarter valued at approximately $590,000. Cerity Partners LLC raised its holdings in Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after acquiring an additional 38,365 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Carrier Global by 6.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 16,089 shares of the company’s stock valued at $1,295,000 after acquiring an additional 1,040 shares during the period. Larson Financial Group LLC grew its holdings in shares of Carrier Global by 101.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,259 shares of the company’s stock worth $182,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Carrier Global in the third quarter worth $793,000. Institutional investors 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.