Carrier Global Corp [CARR] stock is trading at $68.56, down -0.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CARR shares have gain 4.72% over the last week, with a monthly amount glided 0.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Carrier Global Corp [NYSE: CARR] stock has seen the most recent analyst activity on August 16, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $74 from $70. Previously, BofA Securities upgraded its rating to Neutral on July 29, 2024, and elevated its price target to $72. On July 15, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $75 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $74 on June 24, 2024. Wolfe Research downgraded its rating to a Underperform but $56 remained the price target by the analyst firm on October 12, 2023. JP Morgan downgraded its rating to Underweight for this stock on October 06, 2023, but kept the price target unchanged to $53. In a note dated October 05, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $62 to $55.
Carrier Global Corp [CARR] stock has fluctuated between $45.68 and $70.09 over the past year. Currently, Wall Street analysts expect the stock to reach $56 within the next 12 months. Carrier Global Corp [NYSE: CARR] shares were valued at $68.56 at the most recent close of the market. An investor can expect a potential drop of -18.32% based on the average CARR price forecast.
Analyzing the CARR fundamentals
Carrier Global Corp [NYSE:CARR] reported sales of 23.70B for the trailing twelve months, which represents a growth of 11.63%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.32 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.97.
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 68.12 points at the first support level, and at 67.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.04, and for the 2nd resistance point, it is at 69.51.
Ratios To Look Out For
For context, Carrier Global Corp’s Current Ratio is 1.08. As well, the Quick Ratio is 0.80, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 4.49 and price to earnings (TTM) ratio is 18.25.
Transactions by insiders
Recent insider trading involved Agrawal Ajay, Senior VP, Strategy & Services, that happened on Aug 08 ’24 when 62382.0 shares were sold. Officer, AJAY AGRAWAL completed a deal on Aug 08 ’24 to buy 62382.0 shares. Meanwhile, Officer Jurgen Timperman bought 0.12 million shares on Jul 29 ’24.
