Carrier Global (NYSE:CARR) Price Target Cut to $60.00 by Analysts at BNP Paribas Exane

Carrier Global (NYSE:CARR) had its price objective cut by BNP Paribas Exane from $68.00 to $60.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

CARR has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Citigroup boosted their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research note on Friday, October 16th. Zacks Research cut Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, Royal Bank Of Canada decreased their target price on Carrier Global from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $69.54.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $53.45 on Friday. The firm’s 50 day moving average price is $56.37 and its 200-day moving average price is $61.71. Carrier Global has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $44.06 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Carrier Global had a negative net margin of 7.90% and a positive return on equity of 16.99%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that Carrier Global will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. Carrier Global’s payout ratio is -43.24%.

Institutional Investors Weigh In On Carrier Global

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in shares of Carrier Global in the second quarter worth about $590,759,000. Bank of America Corp DE bought a new stake in Carrier Global during the 2nd quarter valued at approximately $572,908,000. Legal & General Group Plc purchased a new position in Carrier Global in the 2nd quarter worth approximately $322,366,000. Primecap Management Co. CA bought a new position in Carrier Global in the 2nd quarter worth approximately $283,585,000. Finally, Deutsche Bank AG bought a new position in Carrier Global in the 2nd quarter worth approximately $166,165,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Key Stories Impacting Carrier Global

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

• Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
• Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.