Stocks of Carrier Global Corp (NYSE:CARR) traded higher last session on Wall Street, up 0.23% to $74.50.
CARR stock price is now -4.32% away from the 50-day moving average and 12.71% away from the 200-day moving average. The market capitalization of the company currently stands at $66.84B.
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With the price target maintained at $94, UBS recently Upgraded its rating from Neutral to Buy for Carrier Global Corp (NYSE: CARR). On October 16, 2024, Stephens Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $75 to quote $85, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Crockett Kyle, VP, Controller & CAO sold 11,647 shares of the company’s stock on Nov 07 ’24. The stock was sold for $889,082 at an average price of $76.34. Upon completion of the transaction, the VP, Controller & CAO now directly owns 2,042 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Senior VP & CLO O’Connor Kevin J. sold 167,183 shares of the business’s stock. A total of $12,281,698 was realized by selling the stock at an average price of $73.46. This leaves the insider owning 46,083 shares of the company worth $3.43 million. A total of 6.67% of the company’s stock is owned by insiders.
During the past 12 months, Carrier Global Corp has had a low of $51.20 and a high of $83.32. As of last week, the company has a debt-to-equity ratio of 0.88, a current ratio of 1.08, and a quick ratio of 0.82. According to the stock market information, the enterprise value for the company is $77844439040, which is based on a 19.46 price-to-earnings ratio, a 1.95 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for CARR is $77.8452 and a two-hundred day moving average price translates $66.00065 for the stock.
The latest earnings results from Carrier Global Corp (NYSE: CARR) was released for 2024-09-30. The net profit margin was 14.99% and return on equity was 31.39% for CARR. The company reported revenue of $5.98 billion for the quarter, compared to $4.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.26 percent.
