The price-to-earnings ratio for Carrier Global Corp (NYSE: CARR) is above average at 44.48x, Company’s 36-month beta value is 1.21.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CARR is 841.04M, and currently, short sellers hold a 1.70% ratio of that floaft. The average trading volume of CARR on May 06, 2024 was 5.40M shares.
CARR) stock’s latest price update
The stock price of Carrier Global Corp (NYSE: CARR) has jumped by 3.01 compared to previous close of 62.09. Despite this, the company has seen a gain of 1.99% in its stock price over the last five trading days. Reuters reported 2024-04-30 that China on Wednesday launched sea trials for the Fujian, its third and most advanced aircraft carrier, state media reported.
CARR’s Market Performance
Carrier Global Corp (CARR) has experienced a 1.99% rise in stock performance for the past week, with a 13.32% rise in the past month, and a 13.69% rise in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 2.71% for CARR. The simple moving average for the past 20 days is 11.25% for CARR’s stock, with a 15.93% simple moving average for the past 200 days.
Analysts’ Opinion of CARR
Many brokerage firms have already submitted their reports for CARR stocks, with Wolfe Research repeating the rating for CARR by listing it as a “Underperform.” The predicted price for CARR in the upcoming period, according to Wolfe Research is $56 based on the research report published on October 12, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see CARR reach a price target of $53. The rating they have provided for CARR stocks is “Underweight” according to the report published on October 06th, 2023.
BofA Securities gave a rating of “Underperform” to CARR, setting the target price at $55 in the report published on October 05th of the previous year.
CARR Trading at 11.73% 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 able to rebound, for now settling with 0.27% of gains for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +10.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.58% upper at present.
During the last 5 trading sessions, CARR rose by +1.63%, which changed the moving average for the period of 200-days by +16.57% in comparison to the 20-day moving average, which settled at $57.79. In addition, Carrier Global Corp saw 11.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CARR starting from Timperman Jurgen, who sale 159,915 shares at the price of $61.95 back on Apr 29 ’24. After this action, Timperman Jurgen now owns 0 shares of Carrier Global Corp, valued at $9,907,164 using the latest closing price.
Timperman Jurgen, the President, Fire & Security of Carrier Global Corp, sale 38,858 shares at $61.64 during a trade that took place back on Apr 29 ’24, which means that Timperman Jurgen is holding 0 shares at $2,395,087 based on the most recent closing price.
Stock Fundamentals for CARR
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.29 for the gross margin
The net margin for Carrier Global Corp stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 12.64, with 3.70 for asset returns.
Based on Carrier Global Corp (CARR), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.46. The interest coverage ratio of the stock is 4.69.
Currently, EBITDA for the company is 3.39 billion with net debt to EBITDA at 4.79. When we switch over and look at the enterprise to sales, we see a ratio of 3.2. The receivables turnover for the company is 6.62for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In a nutshell, Carrier Global Corp (CARR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
