Carrier Global Corp [NYSE: CARR] loss -1.36% on the last trading session, reaching $69.11 price per share at the time.
If compared to the average trading volume of 3.60M shares, CARR reached a trading volume of 3004140 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 Corp [CARR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CARR shares is $71.74 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.
Oppenheimer have made an estimate for Carrier Global Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 16, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $55 to $72. The new note on the price target was released on July 29, 2024, representing the official price target for Carrier Global Corp stock. Previously, the target price had yet another raise from $64 to $75, while Robert W. Baird kept a Outperform rating on CARR stock. On June 24, 2024, analysts increased their price target for CARR shares from 65 to 74.
The Average True Range (ATR) for Carrier Global Corp is set at 1.75, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 4.53, 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 27.57 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for CARR stock
Carrier Global Corp [CARR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.69. With this latest performance, CARR shares gained by 8.75% in over the last four-week period, additionally plugging by 22.12% over the last 6 months – not to mention a rise of 19.28% 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 52.30, with the RSI for the last a single of trading hit 48.10, and the three-weeks RSI is set at 53.78 for Carrier Global Corp [CARR]. The present Moving Average for the last 50 days of trading for this stock 66.55, while it was recorded at 70.83 for the last single week of trading, and 60.07 for the last 200 days.
Carrier Global Corp [CARR]: A deeper dive into fundamental analysis
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.
Carrier Global Corp [CARR]: An earnings per share (EPS) analysis
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 0.1. 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%.
An analysis of Institutional ownership at Carrier Global Corp [CARR]
There are presently around $85.45%, or 91.50%% of CARR stock, in the hands of institutional investors. The top three institutional holders of CARR stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 95.48 million shares, which is approximately 10.618%. VANGUARD GROUP INC, holding 94.58 million shares of the stock with an approximate value of $$5.97 billion in CARR stocks shares; and VANGUARD GROUP INC, currently with $$5.26 billion in CARR stock with ownership which is approximately 9.2678%.
