Analysts' ratings for Carrier Global CARR over the last quarter vary from bullish to bearish, as provided by 9 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 7 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $73.67, a high estimate of $81.00, and a low estimate of $70.00. Surpassing the previous average price target of $68.75, the current average has increased by 7.16%.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Carrier Global is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Noah Kaye | Oppenheimer | Raises | Outperform | $74.00 | $70.00 |
| Andrew Obin | B of A Securities | Raises | Neutral | $72.00 | $55.00 |
| Noah Kaye | Oppenheimer | Lowers | Outperform | $70.00 | $71.00 |
| Deane Dray | RBC Capital | Maintains | Outperform | $72.00 | $72.00 |
| Timothy Wojs | Baird | Lowers | Outperform | $74.00 | $75.00 |
| Timothy Wojs | Baird | Raises | Outperform | $75.00 | $64.00 |
| Noah Kaye | Oppenheimer | Raises | Outperform | $71.00 | $64.00 |
| Andrew Kaplowitz | Citigroup | Announces | Buy | $74.00 | - |
| Julian Mitchell | Barclays | Raises | Overweight | $81.00 | $79.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Carrier Global. This information offers 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 predict movements in price targets, offering estimates for Carrier Global's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Carrier Global's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Carrier Global analyst ratings.
Get to Know Carrier Global Better
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.
Unraveling the Financial Story of Carrier Global
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Carrier Global's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 11.63%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Carrier Global's net margin excels beyond industry benchmarks, reaching 34.94%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Carrier Global's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 18.45%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Carrier Global's ROA excels beyond industry benchmarks, reaching 5.75%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 1.0, Carrier Global faces challenges in effectively managing its debt levels, indicating potential financial strain.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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