Citigroup Issues Positive Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its price objective lifted by analysts at Citigroup from $72.00 to $79.00 in a note issued to investors on Friday,MarketScreener reports. Citigroup’s target price points to a potential upside of 18.02% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Rothschild & Co Redburn cut their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Wells Fargo & Company dropped their target price on Carrier Global from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Wolfe Research raised their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. UBS Group decreased their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Mizuho increased their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.09.

Carrier Global Trading Down 0.3%

Carrier Global stock opened at $66.94 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The stock has a market cap of $55.92 billion, a P/E ratio of 39.15, a PEG ratio of 2.52 and a beta of 1.32. The firm’s fifty day moving average price is $59.74 and its 200-day moving average price is $57.72.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts forecast that Carrier Global will post 2.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors grew its position in Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. State Street Corp lifted its holdings in shares of Carrier Global by 1.1% during the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares during the last quarter. Dodge & Cox boosted its stake in shares of Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after buying an additional 651,648 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Carrier Global by 1.8% in the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after acquiring an additional 210,952 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Trending Headlines about Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Q1 beat on both EPS and revenue — adjusted EPS $0.57 vs. $0.51 estimate and net sales $5.34B vs. ~$5.01B — giving investors confidence in near?term profitability. Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Data?center demand is the standout driver: management cited data?center orders up over 500% and said backlog fully covers expected 2026 data?center sales, supporting the thesis of durable, high?margin commercial HVAC growth. Carrier reaffirms ~$22b 2026 sales outlook and projects ~$2.80 adjusted EPS
• Positive Sentiment: Order momentum: total company orders +11% and Commercial HVAC orders +35% in Q1, signaling demand breadth beyond one segment; management also returned roughly $500M to shareholders in the quarter. Carrier (CARR) jumps 9.5% as Q1 results beat expectations
• Neutral Sentiment: Company reaffirmed FY2026 guidance at ~$2.80 adjusted EPS and ~$22B revenue — a slight beat versus consensus but not a raise; that supports guidance credibility without creating upside surprise. Carrier Global Corporation Q1 2026 Earnings Call Summary
• Neutral Sentiment: Earnings call transcript and slides are available for detail on segment dynamics and backlog conversion timing for data centers (useful for modeling revenue cadence). Carrier Q1 2026 Earnings Call Transcript
• Negative Sentiment: Near?term cautions: organic sales were down ~1% year?over?year, GAAP EPS ($0.28) declined vs. prior year, and free cash flow was negative (~$15M), which could limit multiple expansion unless cash conversion improves. Carrier Q1 earnings and supplemental materials

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.