The stock price of Carrier Global Corp (NYSE: CARR) has dropped by -0.64 compared to previous close of 73.67. Despite this, the company has seen a fall of -4.05% in its stock price over the last five trading days. prnewswire.com reported 2024-12-06 that PALM BEACH GARDENS, Fla., Dec. 6, 2024 /PRNewswire/ — Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that its Board of Directors declared a quarterly dividend of $0.225 per outstanding share of Carrier common stock.
Is It Worth Investing in Carrier Global Corp (NYSE: CARR) Right Now?
Carrier Global Corp (NYSE: CARR) has a price-to-earnings ratio of 19.12x that is above its average ratio. Additionally, the 36-month beta value for CARR is 1.21. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CARR is 837.38M and currently, short sellers hold a 1.28% ratio of that float. The average trading volume of CARR on December 10, 2024 was 4.12M shares.
CARR’s Market Performance
The stock of Carrier Global Corp (CARR) has seen a -4.05% decrease in the past week, with a -2.57% drop in the past month, and a 1.91% gain in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 1.90% for CARR. The simple moving average for the past 20 days is -3.16% for CARR’s stock, with a 8.64% simple moving average for the past 200 days.
Analysts’ Opinion of CARR
UBS, on the other hand, stated in their research note that they expect to see CARR reach a price target of $94. The rating they have provided for CARR stocks is “Buy” according to the report published on November 13th, 2024.
Stephens gave a rating of “Equal-Weight” to CARR, setting the target price at $85 in the report published on October 16th of the current year.
CARR Trading at -5.12% 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 -12.15% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -4.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.09% lower at present.
During the last 5 trading sessions, CARR fell by -4.05%, which changed the moving average for the period of 200-days by +35.06% in comparison to the 20-day moving average, which settled at $75.59. In addition, Carrier Global Corp saw 27.42% 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 Crockett Kyle, who sale 11,647 shares at the price of $76.34 back on Nov 07 ’24. After this action, Crockett Kyle now owns 2,042 shares of Carrier Global Corp, valued at $889,082 using the latest closing price.
O’Connor Kevin J., the Senior VP & CLO of Carrier Global Corp, sale 167,183 shares at $73.46 during a trade that took place back on Nov 06 ’24, which means that O’Connor Kevin J. is holding 46,083 shares at $12,281,698 based on the most recent closing price.
Stock Fundamentals for CARR
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.28 for the gross margin
The net margin for Carrier Global Corp stands at 0.14. The total capital return value is set at 0.09. Equity return is now at value 31.39, with 10.76 for asset returns.
Based on Carrier Global Corp (CARR), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 4.24.
Currently, EBITDA for the company is 2.99 billion with net debt to EBITDA at 2.78. When we switch over and look at the enterprise to sales, we see a ratio of 3.19. The receivables turnover for the company is 8.79for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, Carrier Global Corp (CARR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
