Carrier Global Corp (CARR) concluded trading on Wednesday at a closing price of $73.67, with 5.27 million shares of worth about $388.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.24% during that period and on September 11, 2024 the price saw a gain of about 2.56%. Currently the company’s common shares owned by public are about 902.75M shares, out of which, 842.91M shares are available for trading.
Stock saw a price change of 6.60% in past 5 days and over the past one month there was a price change of 14.59%. Year-to-date (YTD), CARR shares are showing a performance of 28.23% which increased to 24.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.68 but also hit the highest price of $73.06 during that period. The average intraday trading volume for Carrier Global Corp shares is 3.65 million. The stock is currently trading 5.75% above its 20-day simple moving average (SMA20), while that difference is up 9.78% for SMA50 and it goes to 21.94% higher than SMA200.
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Carrier Global Corp (NYSE: CARR) currently have 902.75M outstanding shares and institutions hold larger chunk of about 86.28% of that.
The stock has a current market capitalization of $66.51B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 19.61, while it has posted earnings per share of $3.76 in the same period. Its PEG reads 2.13 and has Quick Ratio of 0.80 while making debt-to-equity ratio of 1.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CARR, volatility over the week remained 2.90% while standing at 2.20% over the month.
Analysts are in expectations that Carrier Global Corp (CARR) stock would likely to be making an EPS of 0.82 in the current quarter, while forecast for next quarter EPS is 0.55 and it is 3.09 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.79 which is 0.92 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.89 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.73% while it is estimated to increase by 8.94% in next year. EPS is likely to grow at an annualized rate of 9.22% for next 5-years, compared to annual growth of -12.91% made by the stock over the past 5-years.
Coverage by Morgan Stanley stated Carrier Global Corp (CARR) stock as an Equal-weight in their note to investors on September 06, 2024, suggesting a price target of $75 for the stock. On August 16, 2024, Oppenheimer Reiterated their recommendations, while on July 29, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $72. Stock get an Outperform rating from Robert W. Baird on July 15, 2024.
