Growth Story Still Intact For Carrier Global Corp (CARR)

Carrier Global Corp (CARR) concluded trading on Thursday at a closing price of $73.99, with 3.24 million shares of worth about $239.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.42% during that period and on December 05, 2024 the price saw a loss of about -1.84%. Currently the company’s common shares owned by public are about 997.11M shares, out of which, 837.38M shares are available for trading.

Stock saw a price change of -3.78% in past 5 days and over the past one month there was a price change of 0.12%. Year-to-date (YTD), CARR shares are showing a performance of 28.79% which increased to 40.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.44 but also hit the highest price of $83.32 during that period. The average intraday trading volume for Carrier Global Corp shares is 4.11 million. The stock is currently trading -2.43% below its 20-day simple moving average (SMA20), while that difference is down -4.43% for SMA50 and it goes to 10.12% higher than SMA200.

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Carrier Global Corp (NYSE: CARR) currently have 997.11M outstanding shares and institutions hold larger chunk of about 85.05% of that.

The stock has a current market capitalization of $66.39B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 19.33, while it has posted earnings per share of $3.83 in the same period. Its PEG reads 1.93 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 1.80% while standing at 2.03% over the month.

Stock’s fiscal year EPS is expected to drop by -7.48% while it is estimated to increase by 20.00% 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.

Coverage by UBS stated Carrier Global Corp (CARR) stock as a Buy in their note to investors on November 13, 2024, suggesting a price target of $94 for the stock. On October 16, 2024, Stephens Downgrade their recommendations, while on October 10, 2024, JP Morgan Resumed their ratings for the stock with a price target of $83. Stock get a Peer perform rating from Wolfe Research on September 06, 2024.

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