Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Carrier Global (NYSE:CARR) on Tuesday, setting a price target of $49, which is approximately 12.73% below the present share price of $56.15.
Khanna expects Carrier Global to post earnings per share (EPS) of $0.56 for the third quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Carrier Global, with an average price target of $59.86.
The analysts price targets range from a high of $65 to a low of $54.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $5.44 billion and a net profit of $681 million. The company's market cap is $48.72 billion.
According to TipRanks.com, Cowen & Co. analyst Gautam Khanna is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.4% and a 70.14% success rate.
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.