In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Carrier Global (CARR – Research Report), with a price target of $49.00. The company’s shares opened today at $43.74.
Khanna covers the Technology sector, focusing on stocks such as L3Harris Technologies, Honeywell International, and Huntington Ingalls. According to TipRanks, Khanna has an average return of 12.0% and a 68.86% success rate on recommended stocks.
Currently, the analyst consensus on Carrier Global is a Moderate Buy with an average price target of $48.34.
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Based on Carrier Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.45 billion and a net profit of $1.31 billion. In comparison, last year the company earned a revenue of $5.34 billion and had a net profit of $469 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CARR in relation to earlier this year.
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Florida-based Carrier Global Corporation provides HVAC (heating, ventilation, and air conditioning), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security.
Read More on CARR:
- Carrier Reports Strong 2022 Results and Announces 2023 Outlook
- U.S. commercial HVAC equipment view upgraded at OTR Global
- Carrier Global upgraded to Buy from Neutral at Mizuho
- Carrier Global downgraded to Sector Weight from Overweight at KeyBanc
- Carrier Global price target raised to $45 from $39 at Citi