Carrier Global Corp [NYSE: CARR] traded at a high on Monday, posting a 0.17 gain after which it closed the day’ session at $53.62.
The results of the trading session contributed to over 6745038 shares changing hands. Over the past one week, the price volatility of Carrier Global Corp stands at 2.27% while the volatility over the past one month is 2.17%.
The market cap for CARR stock reached $48.26 billion, with 900.10 million shares outstanding and 840.18 million shares in the current float. Compared to the average trading volume of 4.98M shares, CARR reached a trading volume of 6745038 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 Corp [CARR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CARR shares is $62.69 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 2.39. 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.
Wolfe Research have made an estimate for Carrier Global Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 12, 2023. The new note on the price target was released on October 06, 2023, representing the official price target for Carrier Global Corp stock. Previously, the target price had yet another drop from $62 to $55, while BofA Securities kept a Underperform rating on CARR stock. On September 14, 2023, analysts decreased their price target for CARR shares from 63 to 61.
The Average True Range (ATR) for Carrier Global Corp is set at 1.32, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 5.19, with the Price to Cash per share for the same quarter was set at 11.13. Price to Free Cash Flow for CARR in the course of the last twelve months was 22.57 with Quick ratio for the last quarter at 2.40.
How has CARR stock performed recently?
Carrier Global Corp [CARR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.32. With this latest performance, CARR shares dropped by -10.36% in over the last four-week period, additionally plugging by 9.43% over the last 6 months – not to mention a rise of 18.16% 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 35.50, with the RSI for the last a single of trading hit 29.16, and the three-weeks RSI is set at 39.96 for Carrier Global Corp [CARR]. The present Moving Average for the last 50 days of trading for this stock 56.31, while it was recorded at 53.91 for the last single week of trading, and 54.87 for the last 200 days.
Carrier Global Corp [CARR]: Deeper insight into the fundamentals
Carrier Global Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.73.
Earnings analysis for Carrier Global Corp [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 Corp go to 9.20%.
Insider trade positions for Carrier Global Corp [CARR]
The top three institutional holders of CARR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CARR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CARR stock with ownership which is approximately 5.8386%.
