Carrier Global Corporation (NYSE:CARR) went down by -1.29% from its latest closing price compared to the recent 1-year high of $45.32. The company’s stock price has collected -2.00% of loss in the last five trading sessions. Press Release reported on 04/29/21 that Carrier Reports First Quarter 2021 Results
Is It Worth Investing in Carrier Global Corporation (NYSE :CARR) Right Now?
Carrier Global Corporation (NYSE:CARR) scored a price-to-earnings ratio above its average ratio, recording 17.00 x from its present earnings ratio. Opinions of the stock are interesting as 13 analysts out of 19 who provided ratings for Carrier Global Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $50.19, which is $4.69 above the current price. CARR currently public float of 869.18M and currently shorts hold a 0.82% ratio of that float. Today, the average trading volume of CARR was 6.06M shares.
CARR’s Market Performance
CARR stocks went down by -2.00% for the week, with a monthly jump of 3.22% and a quarterly performance of 13.19%, while its annual performance rate touched 146.08%. The volatility ratio for the week stands at 2.46% while the volatility levels for the past 30 days are set at 2.24% for Carrier Global Corporation. The simple moving average for the period of the last 20 days is 0.59% for CARR stocks with a simple moving average of 21.91% for the last 200 days.
Analysts’ Opinion of CARR
Many brokerage firms have already submitted their reports for CARR stocks, with Atlantic Equities repeating the rating for CARR by listing it as a “Neutral.” The predicted price for CARR in the upcoming period, according to Atlantic Equities is $45 based on the research report published on April 30th of the current year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see CARR reach a price target of $57. The rating they have provided for CARR stocks is “Buy” according to the report published on April 19th, 2021.
RBC Capital Mkts gave a rating of “Outperform” to CARR, setting the target price at $51 in the report published on March 31st of the current year.
CARR Trading at 7.31% from the 50-Day Moving Average
After a stumble in the market that brought CARR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.84% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +3.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.91% upper at present.
During the last 5 trading sessions, CARR fell by -2.00%, which changed the moving average for the period of 200-days by +64.76% in comparison to the 20-day moving average, which settled at $43.40. In addition, Carrier Global Corporation saw 15.54% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CARR starting from Timperman Jurgen, who sale 27,486 shares at the price of $39.23 back on Mar 12. After this action, Timperman Jurgen now owns 0 shares of Carrier Global Corporation, valued at $1,078,366 using the latest closing price.
Timperman Jurgen, the President, Fire & Security of Carrier Global Corporation, sale 11 shares at $37.10 during a trade that took place back on Feb 23, which means that Timperman Jurgen is holding 0 shares at $408 based on the most recent closing price.
Stock Fundamentals for CARR
Current profitability levels for the company are sitting at:
- +11.17 for the present operating margin
- +29.38 for the gross margin
The net margin for Carrier Global Corporation stands at +11.35. The total capital return value is set at 11.74, while invested capital returns managed to touch 12.47. Equity return is now at value 41.50, with 9.10 for asset returns.
Based on Carrier Global Corporation (CARR), the company’s capital structure generated 176.42 points at debt to equity in total, while total debt to capital is 63.82. Total debt to assets is 43.96, with long-term debt to equity ratio resting at 170.79. Finally, the long-term debt to capital ratio is 61.79.
When we switch over and look at the enterprise to sales, we see a ratio of 2.37, with the company’s debt to enterprise value settled at 0.27. The receivables turnover for the company is 5.15 and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.