Carrier Global Corporation [NYSE: CARR] surged by $0.33 during the normal trading session on Monday and reaching a high of $39.04 during the day while it closed the day at $38.60. The company report on April 28, 2022 that Carrier Reports First Quarter 2022 Results.
Net sales down 1% versus 2021 driven by the Chubb divestiture; organic sales up 10%.
Carrier Global Corporation stock has also loss -8.01% of its value over the past 7 days. However, CARR stock has declined by -19.04% in the 3 months of the year. Over the past six months meanwhile, it has lost -26.10% and lost -28.83% year-on date.
The market cap for CARR stock reached $33.91 billion, with 865.00 million shares outstanding and 852.31 million shares in the current float. Compared to the average trading volume of 5.10M shares, CARR reached a trading volume of 7172189 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $50.14 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 2.30. 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.
Wells Fargo have made an estimate for Carrier Global Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on February 09, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $58 to $54. The new note on the price target was released on February 09, 2022, representing the official price target for Carrier Global Corporation stock. Previously, the target price had yet another drop from $57 to $50, while Mizuho kept a Neutral rating on CARR stock. On February 09, 2022, analysts decreased their price target for CARR shares from 56 to 53.
The Average True Range (ATR) for Carrier Global Corporation is set at 1.43, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 4.94, with the Price to Cash per share for the same quarter was set at 3.40. Price to Free Cash Flow for CARR in the course of the last twelve months was 43.75 with Quick ratio for the last quarter at 1.40.
CARR stock trade performance evaluation
Carrier Global Corporation [CARR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.01. With this latest performance, CARR shares dropped by -15.85% in over the last four-week period, additionally sinking by -26.10% over the last 6 months – not to mention a drop of -11.18% in the past year of trading.
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 30.41, with the RSI for the last a single of trading hit 26.78, and the three-weeks RSI is set at 33.49 for Carrier Global Corporation [CARR]. The present Moving Average for the last 50 days of trading for this stock 44.07, while it was recorded at 39.32 for the last single week of trading, and 50.83 for the last 200 days.
Carrier Global Corporation [CARR]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Carrier Global Corporation [CARR] shares currently have an operating margin of +12.07 and a Gross Margin at +29.15. Carrier Global Corporation’s Net Margin is presently recorded at +8.07.
Return on Equity for this stock inclined to 25.56, with Return on Assets sitting at 6.49.
Carrier Global Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Carrier Global Corporation [CARR] stock
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 11.96%.
Carrier Global Corporation [CARR]: Insider Ownership positions
There are presently around $28,251 million, or 87.50% of CARR stock, in the hands of institutional investors. The top three institutional holders of CARR stocks are: VANGUARD GROUP INC with ownership of 91,336,281, which is approximately -0.382% of the company’s market cap and around 0.09% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 69,450,096 shares of the stock with an approximate value of $2.68 billion in CARR stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.53 billion in CARR stock with ownership of nearly 8.496% of the company’s market capitalization.
Positions in Carrier Global Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 534 institutional holders increased their position in Carrier Global Corporation [NYSE:CARR] by around 36,841,175 shares. Additionally, 652 investors decreased positions by around 45,246,112 shares, while 227 investors held positions by with 649,798,448 shares. The mentioned changes placed institutional holdings at 731,885,735 shares, according to the latest SEC report filing. CARR stock had 137 new institutional investments in for a total of 7,251,338 shares, while 115 institutional investors sold positions of 6,144,358 shares during the same period.