Stocks of Carrier Global Corp (NYSE:CARR) traded higher last session on Wall Street, up 0.98% to $67.20.
CARR stock price is now -0.78% away from the 50-day moving average and -4.00% away from the 200-day moving average. The market capitalization of the company currently stands at $58.35B.
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 maintained at $80, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Carrier Global Corp (NYSE: CARR). On February 14, 2025, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $78, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Crockett Kyle, VP, Controller & CAO sold 18,945 shares of the company’s stock on Feb 14 ’25. The stock was sold for $1,234,884 at an average price of $65.18. Upon completion of the transaction, the VP, Controller & CAO now directly owns 4,573 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’25, Officer Kyle Crockett bought 18,945 shares of the business’s stock. A total of $1,234,885 was incurred on buying the stock at an average price of $65.18. A total of 6.68% of the company’s stock is owned by insiders.
During the past 12 months, Carrier Global Corp has had a low of $53.33 and a high of $83.32. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 1.25, and a quick ratio of 0.96.
The net profit margin was 16.39% and return on equity was 27.44% for CARR. The company reported revenue of $3.63 billion for the quarter, compared to $2.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.99 percent.
