Carrier Global (NYSE:CARR) Stock Rating Upgraded by Mizuho

Carrier Global (NYSE:CARR) was upgraded by Mizuho from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday,Finviz reports. The brokerage presently has a $78.00 price target on the stock. Mizuho’s price target points to a potential upside of 22.45% from the stock’s current price.

A number of other equities research analysts have also weighed in on CARR. Wells Fargo & Company lowered their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada decreased their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday. Northcoast Research started coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Finally, Robert W. Baird decreased their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $82.64.

Carrier Global Trading Up 0.2 %

Shares of Carrier Global stock opened at $63.70 on Friday. The firm has a market cap of $57.15 billion, a PE ratio of 16.13, a PEG ratio of 2.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. Carrier Global has a 1 year low of $53.13 and a 1 year high of $83.32. The company has a 50 day simple moving average of $68.55 and a two-hundred day simple moving average of $72.34.

Carrier Global (NYSE:CARR) 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 return on equity of 20.52% and a net margin of 14.98%. During the same quarter last year, the firm posted $0.53 EPS. Analysts expect that Carrier Global will post 2.52 earnings per share for the current fiscal year.

Carrier Global declared that its board has authorized a stock buyback plan on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Carrier Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its holdings in Carrier Global by 69.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,187 shares of the company’s stock worth $96,000 after acquiring an additional 487 shares in the last quarter. Creative Planning raised its position in shares of Carrier Global by 2.6% during the 3rd quarter. Creative Planning now owns 465,226 shares of the company’s stock valued at $37,446,000 after purchasing an additional 11,655 shares during the period. SeaCrest Wealth Management LLC bought a new position in Carrier Global in the 3rd quarter worth $263,000. Good Life Advisors LLC purchased a new stake in Carrier Global in the 3rd quarter worth $269,000. Finally, Bleakley Financial Group LLC raised its holdings in Carrier Global by 3.5% during the third quarter. Bleakley Financial Group LLC now owns 47,004 shares of the company’s stock valued at $3,783,000 after acquiring an additional 1,577 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.