Carrier Global (NYSE:CARR) Upgraded to Overweight at JPMorgan Chase & Co.

Carrier Global (NYSE:CARR) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $78.00 target price on the stock, up from their prior target price of $77.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 25.72% from the company’s previous close.

Several other research firms also recently commented on CARR. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company cut their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Down 1.9 %

NYSE:CARR opened at $62.04 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $66.89 and its 200-day moving average is $72.35. The firm has a market cap of $53.60 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global has a 12 month low of $53.33 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the company posted $0.53 EPS. Equities analysts anticipate that Carrier Global will post 2.99 EPS for the current year.

Institutional Investors Weigh In On Carrier Global

Large investors have recently modified their holdings of the company. RFG Advisory LLC increased its position in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after purchasing an additional 1,904 shares during the period. Princeton Global Asset Management LLC lifted its stake in shares of Carrier Global by 1,156.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after buying an additional 19,018 shares during the period. Daiwa Securities Group Inc. increased its stake in Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after purchasing an additional 11,032 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after purchasing an additional 38,365 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in Carrier Global in the fourth quarter valued at approximately $2,213,000. 91.00% of the stock is owned by institutional investors and hedge funds.

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.