Carrier Global Corp [CARR] stock prices are down -0.61% to $80.05 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CARR shares have gain 0.34% over the last week, with a monthly amount glided 15.83%, 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 September 06, 2024, when Wolfe Research upgraded its rating to a Peer Perform. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on September 06, 2024, and set its price target to $75. On August 16, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $74 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $72 on July 29, 2024. Robert W. Baird upgraded its rating to a Outperform and raised its price target to $75 on July 15, 2024. Citigroup upgraded its rating to Buy for this stock on June 24, 2024, and upped its price target to $74. In a note dated October 12, 2023, Wolfe Research downgraded an Underperform rating on this stock but restated the target price of $56.
The stock price of Carrier Global Corp [CARR] has been fluctuating between $45.68 and $81.64 over the past year. Currently, Wall Street analysts expect the stock to reach $60.6 within the next 12 months. Carrier Global Corp [NYSE: CARR] shares were valued at $80.05 at the most recent close of the market. An investor can expect a potential drop of -24.3% based on the average CARR price forecast.
Analyzing the CARR fundamentals
The Carrier Global Corp [NYSE:CARR] reported sales of 23.70B for trailing twelve months, representing a surge 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 79.58 points at the first support level, and at 79.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.75, and for the 2nd resistance point, it is at 81.44.
Ratios To Look Out For
It’s worth pointing out that Carrier Global Corp [NYSE:CARR]’s Current Ratio is 1.08. Also, the Quick Ratio is 0.80, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 3.05, the price to book ratio is 5.25 and price to earnings (TTM) ratio is 21.31.
Transactions by insiders
Recent insider trading involved Jurgen Timperman, Officer, that happened on Aug 28 ’24 when 101.0 shares were purchased. Senior VP, Strategy & Services, Agrawal Ajay completed a deal on Aug 08 ’24 to sell 62382.0 shares. Meanwhile, Officer AJAY AGRAWAL bought 62382.0 shares on Aug 08 ’24.
