As of right now, Carrier Global Corporation [CARR] is trading at $47.13, up 2.15%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CARR shares have gain 7.97% over the last week, with a monthly amount glided 13.27%, and seem to be holding up well over a long-time horizon.
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Sponsored
On 1, February 2023, Carrier’s New Abound Net Zero Management Solution Helps Building Portfolio Customers Reach Energy and Sustainability Goals. In a post published today on Yahoo Finance, Carrier has launched Abound™ Net Zero Management, a new, digitally-enabled lifecycle sustainability solution that provides building owners and managers a way to measure, track, view and report energy and carbon performance across their entire property portfolio to help meet environmental, social and governance (ESG) goals. Carrier is a part of Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions.
From an analyst’s perspective:
Carrier Global Corporation [NYSE: CARR] stock has seen the most recent analyst activity on January 13, 2023, when Mizuho upgraded its rating to a Buy and also boosted its price target to $53 from $38. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on December 13, 2022. On May 18, 2022, downgrade downgraded it’s rating to Neutral. Wells Fargo reiterated its Equal Weight rating and decreased its price target to $50 on February 09, 2022. Morgan Stanley reiterated its recommendation of a Overweight and reduced its price target to $54 on February 09, 2022. Mizuho reiterated a Neutral rating for this stock on February 09, 2022, and downed its price target to $50. In a note dated February 09, 2022, Deutsche Bank reiterated an Hold rating on this stock and revised its target price from $56 to $53.
Through the last year, Carrier Global Corporation’s stock price ranged from $33.10 to $48.48. Currently, Wall Street analysts expect the stock to reach $47.22 within the next 12 months. Carrier Global Corporation [NYSE: CARR] shares were valued at $47.13 at the most recent close of the market. An investor can expect a potential return of 0.19% based on the average CARR price forecast.
Analyzing the CARR fundamentals
For Carrier Global Corporation, (CARR), the latest quarter sales were 5.45 billion, which represents an 2.10% increase. Gross Margin for this corporation currently stands at +29.15% with Operating Margin at +12.07%, Pretax Margin comes in at +11.64%, and Net Margin reading is +8.07%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.62 points at the first support level, and at 46.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.56, and for the 2nd resistance point, it is at 47.99.
Carrier Global Corporation [CARR] reported earnings per share of $0.7 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.65/share, meaning a difference of $0.05 and a surprise factor of 7.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.69 per share as compared to estimates of $0.62 per share, a difference of $0.07 representing a surprise of 11.30%.
Ratios To Look Out For
It is important to note that Carrier Global Corporation [NYSE:CARR] has a current ratio of 1.60. In addition, the Quick Ratio stands at 1.42 and the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 6.92 and the P/E (TTM) ratio is 11.39.
Transactions by insiders
In the past 3 months, 6 insiders have purchased 212,598 shares, and 14 have sold 241,058 shares. Recent insider trading involved Timperman Jurgen, President, Fire & Security, that happened on Nov 29 when 39475.0 shares were sold. President, Fire & Security, Timperman Jurgen completed a deal on Nov 29 to sell 0.1 million shares. Meanwhile, Vice President, Controller Crockett Kyle sold 3682.0 shares on Feb 04.