Carrier Global (NYSE:CARR) PT Raised to $29.00 at Barclays

Carrier Global (NYSE:CARR) had its target price raised by equities researchers at Barclays from $26.00 to $29.00 in a note issued to investors on Friday, The Fly reports. Barclays‘s price objective indicates a potential upside of 6.46% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Vertical Research began coverage on shares of Carrier Global in a research report on Monday, April 6th. They set a “hold” rating and a $18.00 target price on the stock. Wolfe Research assumed coverage on Carrier Global in a research report on Friday, April 17th. They set a “buy” rating on the stock. Citigroup lifted their price objective on Carrier Global from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Royal Bank of Canada initiated coverage on Carrier Global in a report on Tuesday, April 14th. They set a “sector perform” rating and a $15.00 target price on the stock. Finally, Atlantic Securities initiated coverage on Carrier Global in a research report on Tuesday, May 19th. They issued an “overweight” rating on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.90.

CARR opened at $27.24 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.34 and a debt-to-equity ratio of 3.64. The firm has a fifty day moving average price of $23.84. Carrier Global has a 1 year low of $11.50 and a 1 year high of $27.72.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.63 billion. On average, research analysts expect that Carrier Global will post 1.38 EPS for the current fiscal year.

In related news, CEO David L. Gitlin bought 57,580 shares of the business’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $17.77 per share, with a total value of $1,023,196.60. Also, Director John J. Greisch purchased 35,000 shares of Carrier Global stock in a transaction on Monday, May 18th. The stock was bought at an average price of $17.77 per share, for a total transaction of $621,950.00.

Institutional investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC acquired a new stake in Carrier Global during the 1st quarter valued at approximately $305,000. Oliver Luxxe Assets LLC bought a new position in Carrier Global during the first quarter worth $252,000. HNP Capital LLC acquired a new position in Carrier Global in the first quarter valued at $826,000. Means Investment CO. Inc. acquired a new position in Carrier Global in the first quarter valued at $197,000. Finally, HighPoint Advisor Group LLC acquired a new stake in Carrier Global during the 1st quarter worth about $197,000. 0.88% of the stock is currently owned by institutional investors.

About Carrier Global

There is no company description available for Carrier Global Corp.

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Analyst Recommendations for Carrier Global (NYSE:CARR)

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