Carrier Global Corporation [NYSE: CARR] loss -4.76% on the last trading session, reaching $23.21 price per share at the time. Carrier Global Corporation represents 866.22 million in outstanding shares, while the company has a total market value of $20.11 billion with the latest information. CARR stock price has been found in the range of $23.21 to $23.96.
If compared to the average trading volume of 13.20M shares, CARR reached a trading volume of 6784437 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Carrier Global Corporation [CARR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CARR shares is $20.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CARR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Atlantic Equities have made an estimate for Carrier Global Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 19, 2020. While these analysts kept the previous recommendation, Barclays raised their target price from $21 to $22. The new note on the price target was released on May 11, 2020, representing the official price target for Carrier Global Corporation stock. Previously, the target price had yet another raise to $17, while Cowen analysts kept a Market Perform rating on CARR stock.
The Average True Range (ATR) for Carrier Global Corporation is set at 1.18, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 1.11. The Price to Book ratio for the last quarter was 7.46, with the Price to Cash per share for the same quarter was set at 0.89.
Trading performance analysis for CARR stock
Carrier Global Corporation [CARR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.66.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CARR stock in for the last two-week period is set at 69.59, with the RSI for the last a single of trading hit 69.17, and the three-weeks RSI is set at 66.83 for Carrier Global Corporation [CARR]. The present Moving Average for the last 50 days of trading for this stock 17.37, while it was recorded at 23.21 for the last single week of trading.
Carrier Global Corporation [CARR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Carrier Global Corporation [CARR] shares currently have an operating margin of +13.38 and a Gross Margin at +29.32. Carrier Global Corporation’s Net Margin is presently recorded at +11.37.
Return on Total Capital for CARR is now 16.51, given the latest momentum, and Return on Invested Capital for the company is 14.63. Return on Equity for this stock inclined to 15.10, with Return on Assets sitting at 9.59. When it comes to the capital structure of this company, Carrier Global Corporation [CARR] has a Total Debt to Total Equity ratio set at 8.22. Additionally, CARR Total Debt to Total Capital is recorded at 7.59, with Total Debt to Total Assets ending up at 5.17. Long-Term Debt to Equity for the company is recorded at 5.40, with the Long-Term Debt to Total Capital now at 4.99.
Reflecting on the efficiency of the workforce at the company, Carrier Global Corporation [CARR] managed to generate an average of $40,201 per employee. Receivables Turnover for the company is 5.65 with a Total Asset Turnover recorded at a value of 0.84.Carrier Global Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.
Carrier Global Corporation [CARR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CARR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carrier Global Corporation go to -8.60%.
An analysis of insider ownership at Carrier Global Corporation [CARR]
Positions in Carrier Global Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 699 institutional holders increased their position in Carrier Global Corporation [NYSE:CARR] by around 58,132,378 shares. Additionally, 1,310 investors decreased positions by around 110,317,680 shares, while 179 investors held positions by with 490,131,239 shares. The mentioned changes placed institutional holdings at 658,581,297 shares, according to the latest SEC report filing. CARR stock had 90 new institutional investments in for a total of 12,047,119 shares, while 555 institutional investors sold positions of 57,615,374 shares during the same period.