A share price of Carrier Global Corp [CARR] is currently trading at $74.97, down -1.87%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CARR shares have lost -0.21% over the last week, with a monthly amount drifted -7.50%, 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 November 13, 2024, when UBS upgraded its rating to a Buy but kept the price target unchanged to $94 for it. Previously, Stephens downgraded its rating to Equal-Weight on October 16, 2024, and elevated its price target to $85. Wolfe Research upgraded its rating to a Peer Perform. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $75 as its price target on September 06, 2024. Oppenheimer reiterated a Outperform rating for this stock on August 16, 2024, and upped its price target to $74. In a note dated July 29, 2024, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $55 to $72.
Carrier Global Corp experienced fluctuations in its stock price throughout the past year between $51.20 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 $74.97 at the most recent close of the market. An investor can expect a potential drop of -11.9% 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 0.07% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.29 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.85.
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 74.33 points at the first support level, and at 73.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.20, and for the 2nd resistance point, it is at 77.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Carrier Global Corp [NYSE:CARR] is 1.08. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 2.81, the price to book ratio is 5.09 and price to earnings (TTM) ratio is 19.58.
Transactions by insiders
Recent insider trading involved Crockett Kyle, VP, Controller & CAO, that happened on Nov 07 ’24 when 11647.0 shares were sold. Senior VP & CLO, O’Connor Kevin J. completed a deal on Nov 06 ’24 to sell 0.17 million shares. Meanwhile, Officer Kyle Crockett bought 11647.0 shares on Nov 07 ’24.
