What 5 Analyst Ratings Have To Say About Carrier Global

5 analysts have expressed a variety of opinions on Carrier Global (NYSE:CARR) over the past quarter, offering a diverse set of opinions from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $64.2, a high estimate of $78.00, and a low estimate of $57.00. This current average has decreased by 0.08% from the previous average price target of $64.25.

Breaking Down Analyst Ratings: A Detailed Examination

A clear picture of Carrier Global's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Carrier Global. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Carrier Global compared to the broader market.
• Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Carrier Global's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Carrier Global's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Carrier Global analyst ratings.

Unveiling the Story Behind Carrier Global

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.

Carrier Global's Financial Performance

Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.

Revenue Challenges: Carrier Global's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -0.06%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: Carrier Global's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 8.23%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Carrier Global's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.98%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Carrier Global's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.42%, the company may face hurdles in achieving optimal financial performance.

Debt Management: Carrier Global's debt-to-equity ratio stands notably higher than the industry average, reaching 1.69. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.