1 week Ago By ABMN Staff
Stock analysts at Morgan Stanley initiated coverage on shares of Carrier Global ( NYSE:CARR – Get Free Report ) in a research note issued on Friday, Marketbeat reports. The brokerage set an “equal weight” rating and a $75.00 price target on the stock.
Morgan Stanley’s price objective points to a potential upside of 7.94% from the stock’s previous close. CARR has been the topic of several other reports.
Robert W. Baird reduced their price target on Carrier Global from $75.00 to $74.
00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Bank of America upgraded shares of Carrier Global from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $55.00 to $72.
00 in a report on Monday, July 29th. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Royal Bank of Canada lifted their price objective on Carrier Global from $72.
00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and increased their target price for the company from $65.
00 to $74.00 in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company.
According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.38.
View Our Latest Analysis on CARR Carrier Global Stock Performance Carrier Global ( NYSE:CARR – Get Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.
85 by $0.02. Carrier Global had a net margin of 14.
27% and a return on equity of 23.68%. The firm had revenue of $6.
70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same quarter last year, the firm earned $0.
79 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis.
Analysts anticipate that Carrier Global will post 2.84 earnings per share for the current fiscal year. Insider Buying and Selling In other news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th.
The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10.
Following the completion of the sale, the vice president now owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link .
6.95% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Olistico Wealth LLC acquired a new position in shares of Carrier Global during the second quarter worth approximately $25,000. Meeder Asset Management Inc. increased its stake in shares of Carrier Global by 675.
0% in the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the period.
EdgeRock Capital LLC bought a new stake in shares of Carrier Global during the second quarter worth $32,000. United Community Bank bought a new stake in shares of Carrier Global during the fourth quarter worth $34,000. Finally, Register Financial Advisors LLC bought a new position in Carrier Global in the first quarter valued at about $34,000.
Institutional investors and hedge funds own 91.00% of the company’s stock. About Carrier Global ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Carrier Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrier Global and related companies with MarketBeat.com's FREE daily email newsletter .
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