The stock of Carrier Global Corp (NYSE:CARR) last traded at $65.35, down -1.31% from the previous session.
CARR stock price is now 10.13% away from the 50-day moving average and 17.38% away from the 200-day moving average. The market capitalization of the company currently stands at $58.88B.
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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, O’Connor Kevin J., Senior VP & CLO sold 20,000 shares of the company’s stock on May 16 ’24. The stock was sold for $1,314,624 at an average price of $65.73. Upon completion of the transaction, the Senior VP & CLO now directly owns 46,083 shares in the company, valued at $3.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, Senior VP & CHRO Villeneuve Nadia sold 98,428 shares of the business’s stock. A total of $6,437,664 was realized by selling the stock at an average price of $65.40. This leaves the insider owning 85,028 shares of the company worth $5.56 million. 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 $66.50. 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 stock market information, the enterprise value for the company is $75313168384, which is based on a 45.45 price-to-earnings ratio, a 5.01 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for CARR is $59.4858 and a two-hundred day moving average price translates $55.71165 for the stock.
The latest earnings results from Carrier Global Corp (NYSE: CARR) was released for 2024-03-31. 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.
