Jefferies Keeps Their Buy Rating on Carrier Global (CARR)

Jefferies analyst Stephen Volkmann maintained a Buy rating on Carrier Global today and set a price target of $90.00.

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Volkmann covers the Industrials sector, focusing on stocks such as Deere, Agco, and Caterpillar. According to TipRanks, Volkmann has an average return of 19.2% and a 66.51% success rate on recommended stocks.

In addition to Jefferies, Carrier Global also received a Buy from Barclays’s Julian Mitchell in a report issued on December 15. However, on December 18, Wells Fargo maintained a Hold rating on Carrier Global (NYSE: CARR).

Based on Carrier Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.58 billion and a net profit of $428 million. In comparison, last year the company earned a revenue of $5.98 billion and had a net profit of $447 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CARR in relation to earlier this year. Last month, David Gitlin, the Chairman & CEO of CARR bought 19,300.00 shares for a total of $1,015,566.00.