Stocks of Carrier Global Corp (NYSE:CARR) traded higher last session on Wall Street, up 4.14% to $68.40.
CARR stock price is now 5.70% away from the 50-day moving average and 16.58% away from the 200-day moving average. The market capitalization of the company currently stands at $61.75B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $55 to $72, BofA Securities Upgraded its rating from Underperform to Neutral for Carrier Global Corp (NYSE: CARR). On July 15, 2024, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $64 to quote $75, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Agrawal Ajay, Senior VP, Strategy & Services sold 62,382 shares of the company’s stock on Aug 08 ’24. The stock was sold for $4,026,758 at an average price of $64.55. Upon completion of the transaction, the Senior VP, Strategy & Services now directly owns 103,066 shares in the company, valued at $7.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Officer AJAY AGRAWAL bought 62,382 shares of the business’s stock. A total of $4,026,643 was incurred on buying the stock at an average price of $64.55. A total of 6.63% 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 1.00, a current ratio of 1.08, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $70507749376, which is based on a 18.20 price-to-earnings ratio, a 1.98 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for CARR is $64.714 and a two-hundred day moving average price translates $58.67355 for the stock.
The latest earnings results from Carrier Global Corp (NYSE: CARR) was released for 2024-06-30. The net profit margin was 14.27% and return on equity was 31.13% for CARR. The company reported revenue of $6.69 billion for the quarter, compared to $5.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.63 percent. For the current quarter, analysts expect CARR to generate $6.57B in revenue.
