Carrier Global CARR has been analyzed by 13 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 7 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 7 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $85.23, a high estimate of $94.00, and a low estimate of $76.00. Marking an increase of 7.32%, the current average surpasses the previous average price target of $79.42.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive Carrier Global. The following summary 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 |
|---|---|---|---|---|---|
| Matthew Swanson | RBC Capital | Lowers | Outperform | $86.00 | $87.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $92.00 | $89.00 |
| Amit Mehrotra | UBS | Announces | Buy | $94.00 | - |
| Tommy Moll | Stephens & Co. | Lowers | Equal-Weight | $80.00 | $85.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $89.00 | $90.00 |
| Deane Dray | RBC Capital | Lowers | Outperform | $87.00 | $91.00 |
| Joe O'Dea | Wells Fargo | Lowers | Equal-Weight | $76.00 | $82.00 |
| Timothy Wojs | Baird | Lowers | Outperform | $86.00 | $88.00 |
| Andrew Obin | B of A Securities | Raises | Neutral | $90.00 | $80.00 |
| Brett Linzey | Mizuho | Raises | Neutral | $78.00 | $65.00 |
| Tommy Moll | Stephens & Co. | Raises | Equal-Weight | $85.00 | $75.00 |
| Stephen Tusa | JP Morgan | Raises | Neutral | $83.00 | $48.00 |
| Joe O'Dea | Wells Fargo | Raises | Equal-Weight | $82.00 | $73.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Carrier Global. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging 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.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Carrier Global's market position. Stay informed and make well-judged decisions with the assistance of 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.
Understanding the Numbers: Carrier Global's Finances
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Carrier Global's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 21.26% as of 30 September, 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 lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 7.47%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Carrier Global's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.14%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Carrier Global's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.11%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Carrier Global's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.88.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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