A share price of Carrier Global Corp [CARR] is currently trading at $72.72, down -1.20%. 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 lost -0.25% over the last week, with a monthly amount drifted -9.71%, and not 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 October 16, 2024, when Stephens downgraded its rating to a Equal-Weight and also boosted its price target to $85 from $75. On September 06, 2024, upgrade upgraded it’s rating to Peer Perform. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $75 on September 06, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $74 on August 16, 2024. BofA Securities upgraded its rating to Neutral for this stock on July 29, 2024, and upped its price target to $72. In a note dated July 15, 2024, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $64 to $75.
Carrier Global Corp experienced fluctuations in its stock price throughout the past year between $47.12 and $83.32. Currently, Wall Street analysts expect the stock to reach $66.05 within the next 12 months. Carrier Global Corp [NYSE: CARR] shares were valued at $72.72 at the most recent close of the market. An investor can expect a potential drop of -9.17% based on the average CARR price forecast.
Analyzing the CARR fundamentals
Trailing Twelve Months sales for Carrier Global Corp [NYSE:CARR] were 23.96B which represents 4.41% growth. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.86.
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 72.35 points at the first support level, and at 71.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.44, and for the 2nd resistance point, it is at 74.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Carrier Global Corp [NYSE:CARR] is 1.08. Also, the Quick Ratio is 0.82, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 4.93 and price to earnings (TTM) ratio is 19.00.
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.
