Currently, there are 901.01M common shares owned by the public and among those 841.17M shares have been available to trade.
The company’s stock has a 5-day price change of 12.18% and 26.00% over the past three months. CARR shares are trading 21.64% year to date (YTD), with the 12-month market performance up to 29.79% higher. It has a 12-month low price of $45.68 and touched a high of $67.70 over the same period. CARR has an average intraday trading volume of 4.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.17%, 9.25%, and 22.22% respectively.
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Institutional ownership of Carrier Global Corp (NYSE: CARR) shares accounts for 85.10% of the company’s 901.01M shares outstanding.
It has a market capitalization of $62.96B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 48.60, while the earnings-per-share (ttm) stands at $1.44. The company has a PEG of 5.13 and a Quick Ratio of 0.99 with the debt-to-equity ratio at 1.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.80% over the week and 2.66% over the month.
Earnings per share for the fiscal year are expected to increase by 4.46%, and 8.16% over the next financial year. EPS should grow at an annualized rate of 9.48% over the next five years, compared to -12.91% over the past 5-year period.
Looking at the support for the CARR, a number of firms have released research notes about the stock. Robert W. Baird stated their Outperform rating for the stock in a research note on July 15, 2024, with the firm’s price target at $64-$75. Citigroup coverage for the Carrier Global Corp (CARR) stock in a research note released on June 24, 2024 offered a Buy rating with a price target of $74. Wolfe Research was of a view on October 12, 2023 that the stock is Underperform, while JP Morgan gave the stock Underweight rating on October 06, 2023, issuing a price target of $53. BofA Securities on their part issued Underperform rating on October 05, 2023.
