Carrier Global (NYSE:CARR) Upgraded by Wolfe Research to “Outperform” Rating

Carrier Global (NYSE:CARR) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Monday,Briefing.com Automated Import reports. The firm presently has a $80.00 price objective on the stock. Wolfe Research’s price objective indicates a potential upside of 21.04% from the company’s previous close.

CARR has been the subject of several other reports. Royal Bank of Canada dropped their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Stephens decreased their price target on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Finally, Citigroup lowered their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Stock Down 1.5 %

Shares of NYSE CARR opened at $66.10 on Monday. The stock has a market capitalization of $57.39 billion, a P/E ratio of 10.52, a PEG ratio of 2.01 and a beta of 1.35. The stock’s fifty day moving average is $67.46 and its 200 day moving average is $72.40. 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.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 in the prior year, the company posted $0.53 EPS. Sell-side analysts forecast that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Large investors have recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. increased 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 purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 180 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the 3rd quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at $31,000. Finally, Meeder Asset Management Inc. boosted its stake in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after purchasing an additional 340 shares during the period. Hedge funds and other 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.