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Carrier Global Corp

Carrier Global Corp Stock Forecast & Price Prediction

Live Carrier Global Corp Stock (CARR) Price
$80.52

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$80.52

P/E Ratio

21.10

Volume Traded Today

$3.1M

Dividend

$0.19

52 Week High/low

81.65/45.68

Carrier Global Corp Market Cap

$71.63B

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CARR Summary

Based on ratings from 0 stock analysts, the Carrier Global Corp stock price is expected to decrease by 5.84% in 12 months. This is calculated by using the average 12-month stock price forecast for Carrier Global Corp. The lowest target is $65 and the highest is $88. Please note analyst price targets are not guaranteed and could be missed completely.

CARR Analyst Ratings

CARR is a stock in Industrials which has been forecasted to be worth $75.82 as an average. On the higher end, the forecast price is $88 USD by from and on the lower end CARR is forecasted to be $65 by Julian Mitchell from Barclays.

CARR stock forecast by analyst

These are the latest 20 analyst ratings of CARR.

Analyst/Firm

Rating

Price Target

Change

Date

Andrew Obin
B of A Securities

Neutral

$80

Maintains

Sep 13, 2024
Nigel Coe
Wolfe Research

Peer Perform


Upgrade

Sep 6, 2024
Joe O'Dea
Wells Fargo

Equal-Weight

$73

Maintains

Sep 6, 2024
Chris Snyder
Morgan Stanley

Equal-Weight

$75

Initiates

Sep 6, 2024
Deane Dray
RBC Capital

Outperform

$79

Maintains

Sep 5, 2024
Noah Kaye
Oppenheimer

Outperform

$74

Maintains

Aug 16, 2024
Andrew Obin
B of A Securities

Neutral

$72

Upgrade

Jul 29, 2024
Timothy Wojs
Baird

Outperform

$74

Maintains

Jul 26, 2024
Deane Dray
RBC Capital

Outperform

$72

Reiterates

Jul 26, 2024
Noah Kaye
Oppenheimer

Outperform

$70

Maintains

Jul 26, 2024
Timothy Wojs
Baird

Outperform

$75

Upgrade

Jul 15, 2024
Noah Kaye
Oppenheimer

Outperform

$71

Maintains

Jun 27, 2024
Andrew Kaplowitz
Citigroup

Buy

$74

Upgrade

Jun 24, 2024
Julian Mitchell
Barclays

Overweight

$81

Maintains

Jun 14, 2024
Timothy Wojs
Baird

Neutral

$64

Maintains

May 3, 2024
Gautam Khanna
TD Cowen

Buy

$70

Maintains

Apr 29, 2024
Noah Kaye
Oppenheimer

Outperform

$64

Maintains

Apr 26, 2024
Julian Mitchell
Barclays

Overweight

$79

Maintains

Apr 26, 2024
Joe O'Dea
Wells Fargo

Equal-Weight

$66

Maintains

Apr 26, 2024
Noah Kaye
Oppenheimer

Outperform

$63

Maintains

Apr 18, 2024

CARR Company Information

What They Do: Provides HVAC and refrigeration technologies.

Business Model: Carrier Global Corporation operates through three key segments: HVAC, Refrigeration, and Fire & Security. The company generates revenue by offering a wide range of products and services including heating and cooling systems for residential and commercial use, transport refrigeration solutions, and various fire and security technologies. Additionally, it monetizes through maintenance, repair, and monitoring services, ensuring consistent income from existing installations.

Other Information: Incorporated in 2019 and headquartered in Palm Beach Gardens, Florida, Carrier Global leverages a diverse portfolio of well-known brands to cater to various market needs globally, enhancing its competitive position in the HVAC and refrigeration sectors.
CARR
Carrier Global Corp (CARR)

When did it IPO

2020

Staff Count

53,000

Country

United States

Sector/Industry

Industrials/Building Products & Equipment

CEO

Mr. David L. Gitlin

Market Cap

$71.63B

Carrier Global Corp (CARR) Financial Data

In 2023, CARR generated $22.10B in revenue, which was a increase of 8.21% from the previous year. This can be seen as a signal that CARR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$17.46B

Revenue From 2021

$20.61B

18.09 %
From Previous Year

Revenue From 2022

$20.42B

-0.93 %
From Previous Year

Revenue From 2023

$22.10B

8.21 %
From Previous Year
  • Revenue TTM $23.70B
  • Operating Margin TTM 11.0%
  • Gross profit TTM $6.38B
  • Return on assets TTM 4.0%
  • Return on equity TTM 31.1%
  • Profit Margin 14.3%
  • Book Value Per Share 15.25%
  • Market capitalisation $71.63B
  • Revenue for 2021 $20.61B
  • Revenue for 2022 $20.42B
  • Revenue for 2023 $22.10B
  • EPS this year (TTM) $3.76

Carrier Global Corp (CARR) Latest News

News Image

Mon, 23 Sep 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Carrier emphasizes its focus on climate action and sustainable innovation at an event with FT Live and JLL in Palm Beach Gardens, Florida.

Why It Matters - Carrier's focus on climate action and sustainable innovation signals potential growth in eco-friendly technologies, impacting market positioning and investment opportunities in green sectors.

News Image

Tue, 17 Sep 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - A Carrier Global survey reveals U.S. companies are prioritizing sustainability, with building decarbonization becoming a key focus for the future.

Why It Matters - Increased focus on building decarbonization signals potential growth in sustainability sectors, affecting long-term investment strategies and opportunities in climate-related technologies.

News Image

Wed, 11 Sep 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Carrier Global Corporation (NYSE:CARR) will participate in Morgan Stanley's 12th Annual Laguna Conference on September 11, 2024, with CEO David Gitlin and CFO Patrick Goris attending.

Why It Matters - Carrier Global's participation in Morgan Stanley's conference signals potential insights into company strategy and performance, influencing investor sentiment and stock valuation.

News Image

Thu, 12 Sep 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Consumers in northern regions can access rebates and tax credits of $2,000 to $8,000 for purchasing high-efficiency units, depending on location and eligibility.

Why It Matters - Rebates and tax credits for high-efficiency units can boost consumer spending, benefiting companies in the energy sector and related industries, potentially impacting stock prices positively.

News Image

Thu, 12 Sep 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - American Electric Power offers a high-yield dividend, potentially enhancing passive income for investors. Carrier Global's growth transformation is nearing completion.

Why It Matters - American Electric Power's high-yield dividend enhances income potential, while Carrier Global’s growth transformation may indicate future profitability and stability, attracting investor interest.

News Image

Thu, 05 Sep 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Carrier Global's stock rose 24% since February 2024, outperforming the S&P 500. A 'Strong Buy' rating is maintained with a fair value of $88/share, driven by strategic divestitures and acquisitions.

Why It Matters - Carrier Global's stock surge signals robust performance and strategic focus on growth areas, enhancing investor confidence. The strong buy rating suggests significant upside potential, despite market challenges.

...

CARR Frequently asked questions

The highest forecasted price for CARR is $88 from at .

The lowest forecasted price for CARR is $65 from Julian Mitchell from Barclays

The CARR analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.