At the time of writing, Carrier Global Corp [CARR] stock is trading at $69.74, up 1.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The CARR shares have gain 1.88% over the last week, with a monthly amount drifted -4.48%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On November 13, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $94 on the stock. Stephens downgraded its rating to a Equal-Weight and increased its price target to $85 on October 16, 2024. Wolfe Research upgraded its rating to Peer Perform for this stock on September 06, 2024. In a note dated September 06, 2024, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $75 on this stock.
For the past year, the stock price of Carrier Global Corp fluctuated between $53.13 and $83.32. Currently, Wall Street analysts expect the stock to reach $80 within the next 12 months. Carrier Global Corp [NYSE: CARR] shares were valued at $69.74 at the most recent close of the market. An investor can expect a potential return of 14.71% based on the average CARR price forecast.
Analyzing the CARR fundamentals
According to Carrier Global Corp [NYSE:CARR], the company’s sales were 23.96B for trailing twelve months, which represents an 4.41% jump. Gross Profit Margin for this corporation currently stands at 0.28% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
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 69.01 points at the first support level, and at 68.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.42, and for the 2nd resistance point, it is at 71.10.
Ratios To Look Out For
It is important to note that Carrier Global Corp [NYSE:CARR] has a current ratio of 1.08. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 2.58, the price to book ratio is 4.73 and price to earnings (TTM) ratio is 18.22.
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.
