Carrier Global Corp (CARR) concluded trading on Wednesday at a closing price of $75.38, with 6.91 million shares of worth about $520.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.21% during that period and on November 06, 2024 the price saw a gain of about 2.00%. Currently the company’s common shares owned by public are about 839.91M shares, out of which, 837.75M shares are available for trading.
Stock saw a price change of 2.42% in past 5 days and over the past one month there was a price change of -6.75%. Year-to-date (YTD), CARR shares are showing a performance of 31.21% which increased to 49.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.62 but also hit the highest price of $83.32 during that period. The average intraday trading volume for Carrier Global Corp shares is 3.47 million. The stock is currently trading -2.69% below its 20-day simple moving average (SMA20), while that difference is down -2.10% for SMA50 and it goes to 15.75% higher than SMA200.
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Carrier Global Corp (NYSE: CARR) currently have 839.91M outstanding shares and institutions hold larger chunk of about 85.09% of that.
The stock has a current market capitalization of $67.63B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 19.69, while it has posted earnings per share of $3.83 in the same period. Its PEG reads 1.97 and has Quick Ratio of 0.82 while making debt-to-equity ratio of 0.88. 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 2.34% while standing at 1.99% over the month.
Stock’s fiscal year EPS is expected to drop by -2.56% while it is estimated to increase by 14.55% in next year. EPS is likely to grow at an annualized rate of 10.00% 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 October 16, 2024 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.
