Carrier Global Corporation [NYSE: CARR] jumped around 0.43 points on Monday, while shares priced at $21.97 at the close of the session, up 2.00%. Carrier Global Corporation stock is now 83.08% up from its year-to-date (YTD) trading value. CARR Stock saw the intraday high of $22.54 and lowest of $20.63 per share. The company’s 52-week high price is 24.40.
Compared to the average trading volume of 12.80M shares, CARR reached a trading volume of 7735352 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 2.60. 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.
JP Morgan have made an estimate for Carrier Global Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 10, 2020. The new note on the price target was released on May 19, 2020, representing the official price target for Carrier Global Corporation stock. Previously, the target price had yet another raise from $21 to $22, while Barclays kept a Overweight rating on CARR stock.
The Average True Range (ATR) for Carrier Global Corporation is set at 1.31, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 7.06, with the Price to Cash per share for the same quarter was set at 0.91.
How has CARR stock performed recently?
Carrier Global Corporation [CARR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.85.
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 61.14, with the RSI for the last a single of trading hit 56.33, and the three-weeks RSI is set at 60.27 for Carrier Global Corporation [CARR]. The present Moving Average for the last 50 days of trading for this stock 17.87, while it was recorded at 22.00 for the last single week of trading.
Carrier Global Corporation [CARR]: Deeper insight into the fundamentals
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.
Earnings analysis for Carrier Global Corporation [CARR]
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%.
Insider trade positions for 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 58,145,260 shares. Additionally, 1,311 investors decreased positions by around 110,381,227 shares, while 178 investors held positions by with 490,021,318 shares. The mentioned changes placed institutional holdings at 658,547,805 shares, according to the latest SEC report filing. CARR stock had 89 new institutional investments in for a total of 12,031,177 shares, while 556 institutional investors sold positions of 57,677,941 shares during the same period.