Carrier Global (NYSE:CARR) Coverage Initiated by Analysts at Atlantic Securities

Atlantic Securities started coverage on shares of Carrier Global (NYSE:CARR) in a research note published on Tuesday morning, FinViz reports. The brokerage issued an overweight rating on the stock.

CARR has been the topic of a number of other reports. Citigroup raised their price target on shares of Carrier Global from $17.00 to $20.00 and gave the company a neutral rating in a research note on Monday, May 11th. Vertical Research began coverage on shares of Carrier Global in a research note on Monday, April 6th. They issued a hold rating and a $18.00 price target on the stock. Royal Bank of Canada began coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a sector perform rating and a $15.00 price target on the stock. Barclays upgraded shares of Carrier Global from an equal weight rating to an overweight rating and raised their price target for the company from $21.00 to $22.00 in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. began coverage on shares of Carrier Global in a research note on Monday, April 20th. They issued an overweight rating and a $20.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $19.13.

NYSE:CARR opened at $19.05 on Tuesday. Carrier Global has a 52 week low of $11.50 and a 52 week high of $19.86. The business’s 50-day simple moving average is $16.11. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.99 and a current ratio of 1.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.78 billion. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities research analysts anticipate that Carrier Global will post 1.35 earnings per share for the current year.

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

Several large investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC bought a new stake in Carrier Global during the 1st quarter valued at $81,000. Advisor Group Holdings Inc. bought a new stake in Carrier Global during the 1st quarter valued at $168,000. Ameritas Investment Company LLC bought a new stake in Carrier Global during the 1st quarter valued at $41,000. Schroder Investment Management Group bought a new stake in Carrier Global during the 1st quarter valued at $47,000. Finally, Morgan Stanley bought a new stake in Carrier Global during the 1st quarter valued at $137,000. Institutional investors own 0.04% of the company’s stock.

Carrier Global Company Profile

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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