During the last three months, 9 analysts shared their evaluations of Carrier Global CARR, revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 3 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $69.78, a high estimate of $81.00, and a low estimate of $63.00. Observing a 4.15% increase, the current average has risen from the previous average price target of $67.00.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Carrier Global's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Overweight | $81.00 | $79.00 |
| Timothy Wojs | Baird | Raises | Neutral | $64.00 | $60.00 |
| Gautam Khanna | TD Cowen | Raises | Buy | $70.00 | $66.00 |
| Joe O'Dea | Wells Fargo | Raises | Equal-Weight | $66.00 | $59.00 |
| Noah Kaye | Oppenheimer | Raises | Outperform | $64.00 | $63.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $79.00 | $78.00 |
| Noah Kaye | Oppenheimer | Maintains | Outperform | $63.00 | - |
| Vladimir Bystricky | Citigroup | Raises | Neutral | $63.00 | $60.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $78.00 | $71.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Carrier Global. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Carrier Global compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Carrier Global's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Carrier Global's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Carrier Global analyst ratings.
All You Need to Know About Carrier Global
Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.
Carrier Global: Delving into Financials
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Carrier Global's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 17.24% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Carrier Global's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 4.35%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Carrier Global's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.66%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Carrier Global's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.73%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Carrier Global's debt-to-equity ratio surpasses industry norms, standing at 1.51. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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