Carrier Global Corp [NYSE: CARR] stock went on an upward path that rose over 2.17% on Thursday, amounting to a one-week price decrease of less than -2.39%.
Over the last 12 months, CARR stock rose by 12.35%. The one-year Carrier Global Corp stock forecast points to a potential upside of 8.58. The average equity rating for CARR stock is currently 2.26, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for the stock reached $58.21 billion, with 902.75 million shares outstanding and 842.79 million shares in the current float. Compared to the average trading volume of 3.81M shares, CARR stock reached a trading volume of 2819803 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $70.53 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 2.26. 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.
BofA Securities have made an estimate for Carrier Global Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 29, 2024. While these analysts kept the previous recommendation, Robert W. Baird raised their target price from $64 to $75. The new note on the price target was released on July 15, 2024, representing the official price target for Carrier Global Corp stock. Previously, the target price had yet another raise from $65 to $74, while Citigroup kept a Buy rating on CARR stock.
The Average True Range (ATR) for Carrier Global Corp is set at 2.21, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 2.46. The Price to Book ratio for the last quarter was 4.23, with the Price to Cash per share for the same quarter was set at 3.24. Price to Free Cash Flow for CARR in the course of the last twelve months was 25.72 with Quick ratio for the last quarter at 0.80.
CARR Stock Performance Analysis:
Carrier Global Corp [CARR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.39. With this latest performance, CARR shares gained by 1.38% in over the last four-week period, additionally plugging by 19.78% over the last 6 months – not to mention a rise of 12.35% 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 47.33, with the RSI for the last a single of trading hit 45.48, and the three-weeks RSI is set at 48.89 for Carrier Global Corp [CARR]. The present Moving Average for the last 50 days of trading for this stock 64.55, while it was recorded at 63.85 for the last single week of trading, and 58.32 for the last 200 days.
Insight into Carrier Global Corp Fundamentals:
Carrier Global Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.08.
CARR Stock EPS
With the latest financial reports released by the company, Carrier Global Corp posted 0.89/share EPS, while the average EPS was predicted by analysts to be reported at 0.79/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.70%. 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 9.22%.
Carrier Global Corp [CARR] Institutonal Ownership Details
The top three institutional holders of CARR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CARR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CARR stock with ownership which is approximately 5.1238%.
