Carrier Global Corp (CARR) concluded trading on Wednesday at a closing price of $81.05, with 3.27 million shares of worth about $265.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.40% during that period and on October 16, 2024 the price saw a loss of about -0.69%. 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 -1.25% in past 5 days and over the past one month there was a price change of 3.96%. Year-to-date (YTD), CARR shares are showing a performance of 41.08% which increased to 52.49% 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 $83.32 during that period. The average intraday trading volume for Carrier Global Corp shares is 3.50 million. The stock is currently trading 0.45% above its 20-day simple moving average (SMA20), while that difference is up 8.88% for SMA50 and it goes to 27.40% 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 85.00% of that.
The stock has a current market capitalization of $73.17B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 21.57, while it has posted earnings per share of $3.76 in the same period. Its PEG reads 2.40 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 1.68% while standing at 1.78% over the month.
Stock’s fiscal year EPS is expected to rise by 4.73% while it is estimated to increase by 8.10% in next year. EPS is likely to grow at an annualized rate of 9.00% for next 5-years, compared to annual growth of -12.91% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on Oct-17-24 offering an Equal-weight rating for the stock and assigned a target price range of between $75 and $85 to it. Coverage by JP Morgan stated Carrier Global Corp (CARR) stock as a Neutral in their note to investors on October 10, 2024, suggesting a price target of $83 for the stock. On September 06, 2024, Wolfe Research Upgrade their recommendations, while on September 06, 2024, Morgan Stanley Initiated their ratings for the stock with a price target of $75. Stock get an Outperform rating from Oppenheimer on August 16, 2024.
