Carrier Global Corp (NYSE:CARR) shares traded -8.82% lower at $72.90 on Wall Street last session.
CARR stock price is now -4.38% away from the 50-day moving average and 13.33% away from the 200-day moving average. The market capitalization of the company currently stands at $65.81B.
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With the price target enhanced from $75 to $85, Stephens Downgraded its rating from Overweight to Equal-Weight for Carrier Global Corp (NYSE: CARR). , while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
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 $7.51 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 $83.32. 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 $83390013440, which is based on a 19.40 price-to-earnings ratio, a 2.16 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for CARR is $76.2406 and a two-hundred day moving average price translates $64.32485 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.
