In yesterday’s Wall Street session, Carrier Global Corp (NYSE:CARR) shares traded at $67.58, down -3.29% from the previous session.
CARR stock price is now 5.36% away from the 50-day moving average and 18.04% away from the 200-day moving average. The market capitalization of the company currently stands at $60.89B.
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With the price target enhanced from $64 to $75, Robert W. Baird Upgraded its rating from Neutral to Outperform for Carrier Global Corp (NYSE: CARR). On June 24, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $65 to quote $74, while ‘Wolfe Research’ rates the stock as ‘Underperform’
In other news, Crockett Kyle, VP, Controller & CAO sold 4,611 shares of the company’s stock on May 21 ’24. The stock was sold for $306,134 at an average price of $66.39. Upon completion of the transaction, the VP, Controller & CAO now directly owns 2,042 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, Senior VP & CLO O’Connor Kevin J. sold 20,000 shares of the business’s stock. A total of $1,314,624 was realized by selling the stock at an average price of $65.73. This leaves the insider owning 46,083 shares of the company worth $3.11 million. A total of 6.64% of the company’s stock is owned by insiders.
During the past 12 months, Carrier Global Corp has had a low of $45.68 and a high of $70.09. 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 $77322420224, which is based on a 47.00 price-to-earnings ratio, a 4.96 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for CARR is $64.2988 and a two-hundred day moving average price translates $57.5013 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.
