The price-to-earnings ratio for Carrier Global Corp (NYSE: CARR) is 21.53x, which is above its average ratio. Moreover, the 36-month beta value for CARR is 1.19. Analysts have varying 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 842.91M and currently, short sellers hold a 1.38% of that float. On September 24, 2024, CARR’s average trading volume was 3.72M shares.
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CARR) stock’s latest price update
Carrier Global Corp (NYSE: CARR) has seen a rise in its stock price by 1.20 in relation to its previous close of 79.92. However, the company has experienced a 4.89% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-23 that Carrier’s commitment to climate action and sustainable innovation takes center stage at the event in partnership with FT Live and JLL. PALM BEACH GARDENS, Fla.
CARR’s Market Performance
CARR’s stock has risen by 4.89% in the past week, with a monthly rise of 16.24% and a quarterly rise of 25.14%. The volatility ratio for the week is 2.08% while the volatility levels for the last 30 days are 2.38% for Carrier Global Corp The simple moving average for the last 20 days is 10.10% for CARR stock, with a simple moving average of 31.70% for the last 200 days.
Analysts’ Opinion of CARR
Morgan Stanley, on the other hand, stated in their research note that they expect to see CARR reach a price target of $75. The rating they have provided for CARR stocks is “Equal-Weight” according to the report published on September 06th, 2024.
Oppenheimer gave a rating of “Outperform” to CARR, setting the target price at $74 in the report published on August 16th of the current year.
CARR Trading at 16.62% 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 -0.44% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +13.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.55% upper at present.
During the last 5 trading sessions, CARR rose by +4.89%, which changed the moving average for the period of 200-days by +53.85% in comparison to the 20-day moving average, which settled at $73.94. In addition, Carrier Global Corp saw 40.78% 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 Jurgen Timperman, who proposed sale 101 shares at the price of $71.29 back on Aug 28 ’24. After this action, Jurgen Timperman now owns shares of Carrier Global Corp, valued at $7,200 using the latest closing price.
Agrawal Ajay, the Senior VP, Strategy & Services of Carrier Global Corp, sale 62,382 shares at $64.55 during a trade that took place back on Aug 08 ’24, which means that Agrawal Ajay is holding 103,066 shares at $4,026,758 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 0.14. The total capital return value is set at 0.08. Equity return is now at value 31.13, with 10.14 for asset returns.
Based on Carrier Global Corp (CARR), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 4.37.
Currently, EBITDA for the company is 3.39 billion with net debt to EBITDA at 3.16. When we switch over and look at the enterprise to sales, we see a ratio of 3.54. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
To wrap up, the performance of Carrier Global Corp (CARR) has been better in recent times. The stock has received a mixed of “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.
