/Industrial%20HVAC%20heating%20ventilation%20system%20rooftop%20by%20Kyryl%20Gorlov%20via%20Adobe%20Stock.jpeg)
Palm Beach Gardens, Florida-based Carrier Global Corporation (CARR) provides intelligent climate and energy solutions in the United States and internationally. The company has a market cap of $53.9 billion and operates through four segments: Climate Solutions Americas; Climate Solutions Europe; Climate Solutions Asia Pacific, Middle East & Africa; and Climate Solutions Transportation.
CARR stock has lagged behind the broader market over the past year, declining 1.4% compared to the S&P 500 Index’s ($SPX) 22.6% surge. However, in 2026, the stock has grown by nearly 23.8%, outperforming the SPX’s 8.5% rise.
Focusing on its industry benchmark, the State Street Industrials Select Sector SPDR ETF (XLI) has risen 23.6% over the past year, outperforming the stock. In 2026, XLI has grown 20.1% and has lagged behind the stock.
CARR stock has been facing downturns in the stock market over the past year owing to its not-so-impressive fundamentals. The company’s organic revenue growth came in below analysts’ benchmarks over the past two years, indicating an outdated price structure, product lineup, and marketing. Moreover, its EPS fell by 6% annually over the last two years despite rising revenue, showcasing less-than-profitable sales figures. Additionally, declining returns on capital also imply previous profit engines running out of fuel.
For the current fiscal year, which ended last month, analysts expect CARR’s EPS to grow 11.2% to $2.88 on a diluted basis. The company surpassed the consensus estimate in three of the last four quarters, while missing on one occasion.
Among the 24 analysts covering CARR stock, the consensus is a “Moderate Buy.” That’s based on 14 “Strong Buy” ratings, one “Moderate Buy,” and nine “Holds.”
The configuration has grown more bullish over the past months, with the stock now having 14 “Strong Sell” ratings, up from 13 three months prior.
On July 28, Bernstein analyst Varun Govindaraj maintained a “Hold” rating for CARR stock and set a price target of $75.
CARR’s mean price target of $77.14 offers a 17.9% upside compared to the current market price. Its Street-high target of $90 implies a robust 37.6% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
