Carrier Global Corp (NYSE:CARR) shares traded 1.29% higher at $65.80 on Wall Street last session.
CARR stock price is now 12.38% away from the 50-day moving average and 18.55% away from the 200-day moving average. The market capitalization of the company currently stands at $59.29B.
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With the price target maintained at $56, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Carrier Global Corp (NYSE: CARR). On October 06, 2023, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock keeping its target price maintained at $53, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Villeneuve Nadia, Senior VP & CHRO sold 98,428 shares of the company’s stock on May 10 ’24. The stock was sold for $6,437,664 at an average price of $65.40. Upon completion of the transaction, the Senior VP & CHRO now directly owns 85,028 shares in the company, valued at $5.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’24, President, Fire & Security Timperman Jurgen sold 159,915 shares of the business’s stock. A total of $9,907,164 was realized by selling the stock at an average price of $61.95. A total of 6.65% of the company’s stock is owned by insiders.
During the past 12 months, Carrier Global Corp has had a low of $40.49 and a high of $66.32. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 1.36, and a quick ratio of 0.99.
According to the Building Products & Equipment Company, earnings per share came in at 0.79, beating analysts’ expectations of 0.77 by 0.02. This compares to $0.45 EPS in the same period last year. The net profit margin was 5.41% and return on equity was 12.64% for CARR. The company reported revenue of $6.18 billion for the quarter, compared to $5.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.24 percent. For the current quarter, analysts expect CARR to generate $7.07B in revenue.
