An Important Check-Up On Carrier Global Corp (NYSE: CARR)

Carrier Global Corp (CARR) concluded trading on Wednesday at a closing price of $80.54, with 3.85 million shares of worth about $309.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.45% during that period and on October 02, 2024 the price saw a gain of about 1.50%. 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 1.09% in past 5 days and over the past one month there was a price change of 14.96%. Year-to-date (YTD), CARR shares are showing a performance of 40.19% which increased to 47.62% 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 $81.64 during that period. The average intraday trading volume for Carrier Global Corp shares is 3.48 million. The stock is currently trading 5.24% above its 20-day simple moving average (SMA20), while that difference is up 13.22% for SMA50 and it goes to 29.26% 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 84.96% of that.

The stock has a current market capitalization of $72.71B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 21.44, while it has posted earnings per share of $3.76 in the same period. Its PEG reads 2.33 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 1.91% while standing at 2.27% over the month.

Stock’s fiscal year EPS is expected to rise by 4.46% while it is estimated to increase by 8.65% 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.

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