Jefferies (NYSE:JEF) analyst Stephen Volkmann maintained a Buy rating on Carrier Global (NYSE:CARR) on Tuesday, setting a price target of $53, which is approximately 5.89% below the present share price of $56.32.
Volkmann expects Carrier Global to post earnings per share (EPS) of $0.56 for the third quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Carrier Global, with an average price target of $60.
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 $48.87 billion.
According to TipRanks.com, Jefferies analyst Stephen Volkmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.7% and a 72.41% 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.