The stock of Carrier Global Corp (NYSE:CARR) last traded at $80.57, up 3.04% from the previous session.
CARR stock price is now 17.20% away from the 50-day moving average and 31.78% away from the 200-day moving average. The market capitalization of the company currently stands at $72.73B.
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On September 06, 2024, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $75, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Jurgen Timperman, Officer bought 101 shares of the company’s stock on Aug 28 ’24. The stock was bought for $7,200 at an average price of $71.29. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Senior VP, Strategy & Services Agrawal Ajay sold 62,382 shares of the business’s stock. A total of $4,026,758 was realized by selling the stock at an average price of $64.55. This leaves the insider owning 103,066 shares of the company worth $8.3 million. 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 $79.75. 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 $83949723648, which is based on a 21.44 price-to-earnings ratio, a 2.33 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for CARR is $69.0846 and a two-hundred day moving average price translates $61.27875 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.
